MLS PIN wins final settlement approval in Nosalek case
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
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 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
A Supplemental Statement of Interest filed on Monday by the U.S. Department of Justice argued that the settlement only offers “cosmetic changes” to MLS PIN’s agent compensation rules. Continue reading
Judge Patti Saris, of the U.S. District Court in Massachusetts, preliminarily approved the deal after the settlement fund was restructured. Continue reading
Judge Patti Saris, of the U.S. District Court in Massachusetts, said she “loved” the commission rule changes the deal includes, but didn’t think the litigation fund was fair for plaintiffs. Continue reading