No evidence of “horizontal agreement” among real estate brokerages to inflate commissions, but judge will hear arguments alleging a “vertical antitrust conspiracy” with NAR. Continue reading
In an exclusive interview with Inman, Hoby Hanna said “blindly adopting” NAR’s nationwide MLS policies risks more antitrust litigation — and his company “can’t continue” to comply with CCP. Continue reading
CEO Hoby Hanna sent a letter to NAR and the more than 70 MLSs the major real estate brokerage belongs to informing them that it will no longer consider itself bound by the policy. Continue reading
The denial by Judge Stephen Bough is the latest in a string of court losses for the two remaining real estate companies that have yet to reach settlement agreements in homeseller commission cases. Continue reading
Hanna slammed the National Association of Realtors’ MLS rules in a conversation with Inman prior to the Gibson settlement last week, saying Clear Cooperation and IDX limit broker innovation. Continue reading
The company was among the remaining large brokerages that had yet to reach a settlement agreement before it announced it had reached settlement terms on Friday. Continue reading
Judge Stephen Bough refused to recuse himself from a case involving Hanna Holdings, saying their attorneys already had a chance to flag an apparent conflict. Hanna attorneys say it’s not true. Continue reading
Firm joins fellow defendants Hanna Holdings and Berkshire Hathaway Energy in arguing that Judge Stephen R. Bough’s Missouri court is not the appropriate venue for the commission case. Continue reading
Bough suggested demands that he step aside in the Gibson commission case were not raised over ethical issues. The demands focused on political donations to Bough’s wife. Continue reading
Meanwhile, EXIT Realty reaches a proposed settlement with the homeseller plaintiffs in the case. Continue reading