Tag Archives: DOj

Will dual agency become common after NAR’s settlement?

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Some believe more buyers will come to the table without agents. That could lead to fertile breeding grounds for the polarizing practice sometimes known as “double ending.” Continue reading →

DOJ sends signal to industry in first commission comment since March

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Statements made by a DOJ attorney during a May 21 status hearing in the Nosalek commission case offer new insights into the Justice Department’s impression of the proposed NAR settlement. Continue reading →

Will lawsuits end 6% commissions? Probably not, 1 law professor says

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A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference. Continue reading →

Moehrl attorney: Market shift after NAR settlement ‘will take time’

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Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses “misconceptions” about the NAR deal’s impact and says Realtors who try to ignore the changes “will get left behind.” Continue reading →

MLS PIN, Nosalek plaintiffs seek to delay DOJ response after NAR deal

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They asked the court for more time to analyze the impact on their proposed settlement of NAR’s proposed rule change banning the MLS display of commissions offered to buyer brokers. Continue reading →

An anticipated settlement still shocks the real estate industry

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Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes. Continue reading →

Defendant, plaintiffs in Nosalek commission case unite against DOJ

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Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case. Continue reading →

NAR breaks silence on DOJ call to decouple commissions

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Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading →

NAR hits back following ‘external commentary’ critical of the group

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NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the U.S. Department of Justice wants big changes in real estate. Continue reading →