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
The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week. Continue reading
Alyson Austin, a spokesperson for CoreLogic, confirmed to Inman that Arnold Pinkston would be leaving the company and explained that he had received a job offer from a large medical device manufacturer in Orange County, California. Continue reading