Court doc accuses Josh Team of taking ‘kickbacks’ — he calls it ‘false story’

A company called Aika says it paid $10 million in kickbacks to the SERHANT. president while he was still at Keller Williams. But Team contends the story is part of Aika’s effort to get out of paying its bills. Continue reading

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

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’

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

NAR faces a standoff over Clear Cooperation, Inman survey reveals

Nearly a hundred real estate professionals shared their thoughts on NAR’s Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule. Continue reading

Why are some agents still flirting with cooperative compensation?

Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields. Continue reading

Where real estate’s major players stand on Clear Cooperation Policy

Some real estate leaders say the focus on Clear Cooperation stems from the recent commission lawsuits. But other see a deeper question about brokerage profits at the heart of the issue. Continue reading

Moreland Properties’ Sarah Railey on ‘Where do we go from here?’

Like a car that was going 100 mph and has slowed down to 70 mph, Moreland Properties COO and broker of record says it’s “very healthy” that homes are taking a little longer to sell. Continue reading

Law professor creates contract with buyer interests in mind

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