Existing-home sales struggled to break out of a winter slump, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 1.7 percent year-over-year… Continue reading
There are no funds under NAR’s policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group. Continue reading
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices. Continue reading
Angela Boykin is suing over a home sale from 2022. Her case is the second such recent lawsuit out of Nevada, and adds to the growing number of cases that have followed the Sitzer | Burnett verdict . Continue reading
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker’s commission directly. Continue reading
The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. Continue reading
The complaint — one of nearly two dozen targeting real estate’s long-standing commission-sharing structure — alleges that “most” buyer agents will steer clients away from listings that offer a lower commission. Continue reading
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading
In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it “forced down our throats.” Continue reading
Despite ongoing commission lawsuits, agents are more concerned about the health of the real estate pie than the size of their own slice, results of the latest Inman Intel Index survey show. Continue reading