Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November. Continue reading
The discount brokerage struck on Wednesday following the National Association of Realtors’ petition two days earlier to compel the DOJ to uphold its antitrust settlement. Continue reading
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July. Continue reading
National Association of Realtors: “The Administration has publicly signaled a lack of understanding about the MLS system and the associated commission structure.” Continue reading
Total commission revenue in 2021 could ultimately top $100 billion for the first time ever, according to a new report from Knock. Continue reading
You need to understand what’s happening in your industry. The DOJ’s most recent action seems to be a giant step backward toward any resolution. Here’s what you should know. Continue reading
The U.S. Department of Justice just backed out of an antitrust settlement with the National Association of Realtors, suggesting more legal wrangling is on its way. Continue reading
The Department of Justice and The PLS argue that lower court should have considered Clear Cooperation Policy’s impact on brokers who directly purchase access to listing services, not on buyers and sellers. Continue reading
In an op-ed co-written by REX CEO Jack Ryan and REX President Lynley Sides, the pair said they “won’t stop” until policies like NAR’s segregation rule no longer impede consumers. Continue reading
Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading