Some agents may be tempted to advertise a property without a written and signed listing agreement in place to avoid having to enter the listing into their local multiple listing service. The National Association of Realtors has some advice: Don’t do it. Continue reading
Former Compass agents Todd and Lisa Sheppard have filed a class-action suit against the brokerage for price-fixing and making unfair commission deductions. Continue reading
Discount brokerage REX filed its antitrust lawsuit in March. But in a new filing, Zillow calls REX’s claims “self serving” and without merit. Continue reading
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading
One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading
The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading
The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading
Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading
CEO Glenn Kelman said in the latest episode of Inman’s Daily Dispatch podcast that his company continues to see strong traffic and that real estate will recover. Continue reading
Plaintiffs in an antitrust lawsuit that could shake up the real estate industry have subpoenaed mortgage giants Fannie Mae and Freddie Mac, sharpening scrutiny of real estate commissions nationwide. The subpoenas were issued by the smaller of two bombs… Continue reading