The new antitrust lawsuit, filed Friday in California, also names the National Association of Realtors, Realogy, Keller Williams, RE/MAX and several other companies as defendants. Continue reading
Existing-home sales were down 6.6 percent from January to February, according to data released Monday from the National Association of Realtors. Continue reading
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
The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading
For those who are attacking agents and the associated commission structure, let’s be clear about who and what they’re attacking. They’re attacking everyday Americans who are helping their fellow Americans achieve the ultimate dream — owning a home…. Continue reading
In the real estate industry, antitrust lawsuits have become more prevalent in the past few years, but perhaps it’s time for litigious parties to take a step back and refocus their energies on sellers and buyers, instead of competitors. Continue reading
Each month Anthony Askowitz explores a hypothetical real estate situation from both sides of the broker/agent dynamic. This time: A rule-abiding agent is frustrated by her local association’s failure to penalize serious wrongdoers appropriately, especi… Continue reading
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
NAR looks forward to working with Fudge “to address racial disparities in real estate and our nation’s persistent housing affordability crisis.” Continue reading
The trade group’s professional standards committee will vote on case interpretations in May to help evaluate complaints. Continue reading