60-day clock begins for brokerages seeking to opt into $418M NAR deal
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered
by Andrea V. Brambila Apr 22
Defendants fight to get homebuyer commission suits tossed
The National Association of Realtors, Keller Williams, Anywhere, RE/MAX, Compass, eXp and others offered a slew of arguments for why the Batton 1 and Batton 2 cases should be thrown out
by Andrea V. Brambila Apr 19
Pulte objects to Sitzer | Burnett settlements: What's in it for me?
US homebuilder PulteGroup said it should have been provided with a plan to distribute claims so that it can estimate its recovery amount. But that document doesn't appear to exist
by Andrea V. Brambila Apr 17
Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett
The US Supreme Court denied the real estate franchisor's request for consideration on Monday, but the plaintiffs won't be able to lay $4.7B in damages at HomeServices' feet — at least not yet
by Andrea V. Brambila Apr 15
HomeServices tells court it's too early for $4.7B Sitzer ruling
The Berkshire Hathaway affiliate says final judgment in the case shouldn't come before settlements are finalized, a process the franchisor does not expect to be 'uncontroversial'
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
The plaintiffs and defendants in the antitrust commission case indicated they would be available for a 3- to 4-week trial beginning Jan. 21, 2025, according to court filings earlier this week
by Andrea V. Brambila Mar 28
Moehrl attorney: Market shift after NAR settlement 'will take time'
Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses 'misconceptions' about the NAR deal's impact and says Realtors who try to ignore the changes 'will get left behind'
by Andrea V. Brambila Mar 25
MLS PIN, Nosalek plaintiffs seek to delay DOJ response after NAR deal
They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers
by Andrea V. Brambila Mar 21
Who's out: The brokerages not covered in the NAR settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
by Andrea V. Brambila Mar 20
Court weighs $4.7B Sitzer ruling against last holdout HomeServices
Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4B damages award after NAR, Keller Williams, Anywhere and RE/MAX settle
by Andrea V. Brambila Mar 19
Sitzer | Burnett plaintiffs' attorneys ask for a third of settlement payout
After 5 years and nearly 100K hours of work, the law firms are asking a federal court for $82M of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX
Berkshire Hathaway Energy added to growing Gibson commission suit
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Defendant, plaintiffs in Nosalek commission case unite against DOJ
Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case
by Andrea V. Brambila Feb 28
Survey supports Realtors' claims that commissions are negotiable
Only 31% of homebuyers or sellers try to negotiate a lower commission, but 64% of those who do succeed, LendingTree survey finds. However, most don't think sellers should pay buyer's agent
by Matt Carter Feb 27