Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It’s a brave new world, and it begins this weekend. Continue reading
HomeServices previously agreed to pay $250 million to settle various commission suits. A final approval hearing is set for November. Continue reading
The homesellers object that the deals’ payout is “far too low” for the “massive” number of injured parties and that franchisees should be required to implement practice changes. Continue reading
Brokerages and MLSs have until 11:59 p.m. CST Tuesday to opt in to deals resolving antitrust claims brought by sellers targeting commissions. Inman contacted 79 brokerages for their updates. Continue reading
Pennsylvania homeseller Spring Way Center is seeking to overturn the court approval of deals reached with Anywhere, Keller Williams and RE/MAX to resolve antitrust commission suits. Continue reading
Plaintiffs’ lawyer Michael Ketchmark vowed legal action to enforce deal: “Anyone who thinks they can send a few emails or bury their head in the sand and avoid the application of the law is wrong.” Continue reading
The franchisors are not required to implement the business practice changes they agreed to until after the appeals process. Continue reading
NAR’s legal team, president and chief economist defended the group’s cooperative compensation rule and used journalists as a scapegoat repeatedly during midyear panels earlier this month. Continue reading
Judge Stephen R. Bough said payouts and practice changes in NAR’s deal, added to those in the Keller Williams, Anywhere and RE/MAX settlements, represent “substantial benefits” for sellers. Continue reading
The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements. Continue reading