NAR CEO signals support for ‘3-way agreement’ amid Realtor pushback

At the National Association of Realtors’ annual conference, CEO Nykia Wright emphasized the need to rebuild its relationships with large brokerages and doubled down on NAR’s governance. Continue reading

Compass CEO Robert Reffkin: Zillow will be the national MLS

Reffkin continued his campaign against the Clear Cooperation Policy at the National Association of Realtor’s annual NAR NXT conference during a “Future of the MLS” session Friday. Continue reading

‘Thank u, NXT:’ NAR steers clear of Clear Cooperation at its big event

A National Association of Realtors spokesperson told Inman that the trade organization is continuing to gather feedback on the pocket listing rule through “many channels.” Continue reading

After NAR deal, MLSs will have to reinvent themselves — or else

At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation. Continue reading

In latest Gibson ruling, judge offers clues on fate of NAR settlement

Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals “provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case.” Continue reading

NAR asks court to toss antitrust lawsuit from Michigan brokers

Trade group says plaintiffs’ complaint over “compulsory” Realtor membership to access the MLS is “nothing more than a desire to have membership benefits without membership.” Continue reading

Objections fly in against NAR and HomeServices settlement deals

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a “free pass,” more than a dozen homesellers argued ahead of a Nov. 26 decision. Continue reading

Orlando Realtors accuse Supra of colluding to ‘steal members’

The Orlando Regional Realtor Association alleges the lockbox company used its confidential member list to entice members to join rival trade groups, but the company denies the allegations. Continue reading

Proposed NAR settlement ‘worst of all possible worlds’: Law professor

Tanya Monestier says the settlement “reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it” as attorneys walk away with $333 million in cash. Continue reading

‘Not done’: Antitrust litigation in real estate is just warming up

In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk. Continue reading