Tag Archives: National Association of Realtors

NAR agrees to settle commission lawsuits for $418M

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NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. Continue reading →

Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout

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After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX. Continue reading →

Curbio faces lawsuits, complaints from agents amid rapid growth

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Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped. Continue reading →

Baird & Warner at center of latest commission lawsuit filed in Illinois

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Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant. Continue reading →

Howard Hanna dismissed from mother of all commission suits

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Howard Hanna had been one of several defendants in a case known as Batton 2, which was brought by homebuyers and has a much larger scope than some better-known cases. Continue reading →

Defendant, plaintiffs in Nosalek commission case unite against DOJ

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Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case. Continue reading →

Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

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The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny. Continue reading →

Survey supports Realtors’ claims that commissions are negotiable

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Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds. Continue reading →

Redfin in crosshairs as new lawsuit targets buyer-broker commissions

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California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the four years before Redfin announced it was leaving NAR, according to a suit filed in federal court. Continue reading →

NAR breaks silence on DOJ call to decouple commissions

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Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading →