Judge balks at ‘unusual’ MLS settlement in commission case

Judge Patti Saris, of the U.S. District Court in Massachusetts, said she “loved” the commission rule changes the deal includes, but didn’t think the litigation fund was fair for plaintiffs. Continue reading

Federal court rules in favor of NAR in longtime DOJ probe

District court judge sets aside DOJ demand for information from the NAR on buyer broker commission and pocket listing rules. Continue reading

Keller Williams to pay $40M to settle cold call class action lawsuit

As part of the deal, the real estate franchisor also agreed to create a task force to ‘enhance compliance’ with the Telephone Consumer Protection Act. Continue reading

Anywhere and Compass settle agent recruiting suit, capping 3-year feud

The companies submitted a joint filing to the New York Supreme Court on Oct. 4 asserting they had agreed to end the litigation permanently and that each side would pay their own costs. Continue reading

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading