The American Real Estate Association is looking for those ‘fined or otherwise harmed’ by the National Association of Realtors’ pocket listing rule and are interested in “collective action.’ Continue reading
The trade group’s petition leans heavily on the government’s promise to close investigations into the Clear Cooperation Policy and the Participation Rule. Continue reading
The homeseller suit known as Moratis alleged a West Penn MLS commissions-related rule violates antitrust laws, but unlike a similar NAR rule, the former expressly allows offers of zero dollars. Continue reading
Broker Romeo Manzanilla spoke to Inman ahead of his appearance at Connect Austin on Oct. 9 about raising professionalism in the real estate industry in the wake of NAR settlement changes. Continue reading
Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others. Continue reading
TAN CEO: “NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it” Continue reading
New CEO Nykia Wright told NAR’s board of directors the trade group’s next step will be to develop a “comprehensive” litigation strategy and size up any additional legal exposure related to its rules. Continue reading
Fifteen MLSs and 13 brokerages that chose to opt-in to NAR’s commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450 million. Continue reading
After a decade leading the trade group’s legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving. Continue reading
University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal. Continue reading