As it geared up to fight for rules that were favorable to its private listings strategy, Compass set out to understand where hundreds of MLSs stood — and to create a 1-to-5 ranking system. Continue reading
A judge had previously granted preliminary approval of the $3.95M settlement, which removed the option to display offers of compensation to buyer brokers on the MLS. Continue reading
The $3.95 million settlement in the Nosalek case removes the option to display compensation to buyer brokers via the MLS and goes up for final approval in September. Continue reading
The federal law enforcement agency withdrew objections to a fourth proposed settlement between plaintiffs and MLS PIN Tuesday, but cautioned that the MLS was not immune to future legal action. Continue reading
The fourth amended settlement, if approved, would prohibit offers of cooperative compensation on MLS PIN’s platform and raises the total proposed settlement fund from $3 million to $3.95 million. Continue reading
U.S. District Judge Patti Saris asked the DOJ Antitrust Division for evidence that offers of compensation in the MLS are anticompetitive and harm consumers. Continue reading
Plaintiffs and defendant MLS Property Information Network agree that approximately 75 percent of sellers are opting out of offering compensation to buyer agents in the multiple listing service. Continue reading
Plaintiffs and defendant MLS Property Information Network agree that approximately 75 percent of sellers are opting out of offering compensation to buyer agents in the multiple listing service. Continue reading
New legal filings propose that MLS PIN class members from the Nosalek lawsuit be included in the “substantive terms” of the Sitzer/Burnett and Moehrl settlements with Anywhere and RE/MAX. Continue reading