Tag Archives: Antitrust

Top Agent Network amends suit to focus on NAR as ‘real wrongdoer’

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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 →

NAR vows to assess legal risk of current policies

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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 →

Brokerages and non-Realtor MLSs settle antitrust suits for $30M

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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 →

NAR Chief Legal Officer Katie Johnson is ‘stepping down’

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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 →

Law professor creates contract with buyer interests in mind

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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 →

Invitation Homes to pay $48M to settle tenant ‘junk fee’ claims

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The FTC alleges the company advertised monthly rental rates that did not include mandatory “hidden” fees that could add up to more than $1,700 per year. Continue reading →

NAR rival AREA launches petition to end Clear Cooperation Policy

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The American Real Estate Association’s call to end NAR’s pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent. Continue reading →

Buyer commission suit against Hanna adds new, familiar plaintiffs

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There are now more than two dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits. Continue reading →

Attorneys request $226M from NAR and HomeServices deals

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Law professor estimates the plaintiffs’ law firms are asking for only 3 percent of the total value of the deals when ‘historic’ business practice changes are taken into account. Continue reading →

New forms aim to sidestep NAR settlement, law professor warns

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In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer. Continue reading →