Tag Archives: commissions

NAR: ‘The MLS is under attack’

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Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating. Continue reading →

Compass readies for first earnings report after a turbulent month

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As Compass gears up for its first-ever earnings call on May 12, here’s a review of the brokerage’s first month as a publicly traded company — including acquisitions, lawsuits and stock market highs and lows. Continue reading →

NAR: Don’t work without a written listing agreement

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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 →

Compass faces fourth lawsuit since initial public offering

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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 →

NAR-DOJ rule changes won’t come for months

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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 →

Listen: REX releases recordings of agent steering

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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 →

NAR claps back on commission attacks

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The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading →

Consumer groups support REX suit against anti-rebate law

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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 →

Study commissioned by REX claims commissions are deeply inflated

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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 →