As the trade group’s chief legal officer exits, the National Association of Realtors prepares to evaluate its legal exposure and develop a litigation strategy. Is it too little too late? Continue reading
TAN CEO: “NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it” Continue reading
New CEO Nykia Wright told NAR’s board of directors the trade group’s next step will be to develop a “comprehensive” litigation strategy and size up any additional legal exposure related to its rules. Continue reading
Fifteen MLSs and 13 brokerages that chose to opt-in to NAR’s commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450 million. Continue reading
After a decade leading the trade group’s legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving. Continue reading
The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn’t name the organization as a defendant. Continue reading
Nearly a hundred real estate professionals shared their thoughts on NAR’s Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule. Continue reading
Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields. Continue reading
Some real estate leaders say the focus on Clear Cooperation stems from the recent commission lawsuits. But other see a deeper question about brokerage profits at the heart of the issue. Continue reading
University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal. Continue reading