In a new report alleging the majority of commissions are nearly identical in 35 U.S. cities, the Consumer Federation of America said offers to buyer agents should be legally prohibited. Continue reading
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group’s reputation with its own members and consumers. Continue reading
Three-judge panel concludes trade group must face allegations that the Clear Cooperation Policy was part of a group boycott to prevent The PLS from competing with MLSs, leaving agents with fewer choices, inflated prices and lower-quality products. Continue reading
Agents and brokers told Inman they’re reeling over a federal court’s decision to grant class action status in a commission suit that could rock the real estate industry by changing how they’re paid. Continue reading
A U.S. District Court judge granted class certification in one of two federal commission lawsuits that could rock the real estate industry and impact how agents are compensated nationwide. Continue reading
As oral arguments began Monday in the federal commission case, plaintiffs questioned the role of buyer agents, what a world without NAR’s commission policy would look like and why they believe Keller is leading an antitrust conspiracy. Continue reading
The allegations that the Real Estate Board of New York conspired with Corcoran and Douglas Elliman to “smother” competition move forward. Continue reading
Discount brokerage’s antitrust claims survive after judge concludes REX “plausibly alleges that Zillow changed its websites because of NAR’s rules.” Continue reading
2021 came with Realtor misbehavior, rising legal and regulatory scrutiny and MLSs becoming tech investors after Zillow’s acquisition of ShowingTime. Continue reading
Judge said discount brokerage had made ‘compelling arguments’ that law hurts consumers and artificially inflates home prices, but that states are immune from federal antitrust laws. Continue reading