Klein has been interim president of San Diego MLS since June, following the departure of former CEO Michael Mercurio, who allegedly embezzled $1 million from the San Diego Association of Realtors. Continue reading
Agent “glut” means part-timers are now the majority, leading to “widespread incompetence and pressure to maintain high commission rates,” according to the Consumer Federation of America. Continue reading
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs. Continue reading
The antitrust enforcer says it “continues to have concerns” about a proposed deal between homesellers and broker-owned multiple listing service MLS PIN. Continue reading
OneKey MLS’s purchase of broker-owned Mid-Hudson MLS is expected to close in January. OneKey says it will provide more data and reach to agents while saving time and money. Continue reading
Christina Grace, a California resident who sold her home in Marin County, filed suit Friday against NAR, Compass and Keller Williams, among others, claiming she was stuck with hefty commissions. Continue reading
The National Association of Realtors’ for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31. Continue reading
In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes. Continue reading
A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into the National Association of Realtors’ cooperative compensation and pocket listing rules. Continue reading
The trade group’s attorney says NAR is “still analyzing” the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a “different case” that will likely go to trial in Q4 2024. Continue reading