Tag Archives: real estate commissions

Homes listed in the MLS sell faster and for nearly 17% more: Study

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Bright MLS looked at 442,829 home sales across its six-state Mid-Atlantic footprint that sold over a 24-month period Continue reading →

Zillow, NAR formed ‘group boycott’ to enforce commission rule: REX

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On Monday, REX alleged that the National Association of Realtors and Zillow use NAR’s segregation rule to hinder competitors who don’t comply with NAR’s commission rule. Continue reading →

Zillow, NAR slam REX’s alleged use of antitrust as a business strategy

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Real estate giants Zillow and the National Association of Realtors are attempting to get an antitrust lawsuit filed by REX Real Estate tossed, hitting back against the discount brokerage’s allegations that it is the target of an illegal boycott. … Continue reading →

NAR ‘cut a deal’ with Trump DOJ to undermine commission suits: CFA

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The National Association of Realtors countered that the Consumer Federation of America’s assertions are “wrong and misleading” and “commissions are very much negotiable.” Continue reading →

‘Double-dipping agents’ overcharge consumers billions in commissions

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Consumer watchdog says dual agency should be banned, but double-ending should not be so long as agents discount their commission and act as facilitators. Continue reading →

NAR-DOJ rule changes won’t come for months

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Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading →

Compass, Sotheby’s roped into latest suit alleging ‘inflated’ commissions

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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 →

Consumer groups support REX suit against anti-rebate law

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The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading →

Study commissioned by REX claims commissions are deeply inflated

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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 →

Redfin to show all buyer’s broker commission offers in Seattle

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In a radical move, the high-tech brokerage plans to begin publicly displaying data for all Seattle listings in early October. Continue reading →