Michigan Realtors are mad as hell, and they're suing: The Download
NAR buckles up for a new legal brouhaha as Michigan agents and brokers head to court over 'compulsory' membership to access the MLS after removing 'guaranteed broker commission'
by Christy Murdock Aug 17
A brave new world awaits the real estate industry. Are you prepared?
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
CRMLS warns of 'serious fines' as it rolls out commission changes early
The nation's largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR's proposed settlement
by Andrea V. Brambila Aug 14
Michigan agents and brokers sue NAR due to antitrust settlement
The plaintiffs protest 'compulsory' Realtor membership to access the MLS after the removal of 'the guaranteed broker commission' from the MLS
by Andrea V. Brambila Aug 12
NAR: Settlement mandates 'benefit' buyers and sellers
Consumer guides from the trade group offer a contrast to previous messaging, but also continue to promote pre-emptive offers of compensation to buyer agents
Hanna fights back against homebuyer commission suit
Parent company of Howard Hanna Real Estate Services argues plaintiff agreed to a mediation clause and, as a buyer, doesn't have standing to sue under federal and state antitrust laws
A piece of chocolate cake being removed from the whole
The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead
NAR settlement still an enigma for some ahead of big Aug. 17 deadline
Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than 2 weeks
Gavel over one hundred dollar bills represents Newrez' settling a complaint
California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage
by Andrea V. Brambila Jul 29
Expect more guidance from NAR — but fewer rules: CMLS CEO Evans
CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas
by Andrea V. Brambila Jul 25
Court revives antitrust claims against NAR in pocket listing suit
Judge says Top Agent Network 'adequately alleged' NAR's Clear Cooperation Policy is a 'group boycott.' Meanwhile, NAR signals it may be open to repealing the rule
by Andrea V. Brambila Jul 24
Sequel to NAR 'Danger Report' set for 10-year anniversary next year
T3 Sixty plans to release 'The Opportunity Report' as a follow up to its 'DANGER Report' in early 2025. It says the new document will be comparable in its impactful earlier analysis of the industry
by Andrea V. Brambila Jul 24
Keller Williams hits milestone: $2B in profits shared with agents
The company celebrated during a live 'growth call' with leaders from more than 1,000 franchisees in the US and Canada. Nearly 150 KW agents have earned more than $1M in lifetime profit share
by Andrea V. Brambila Jul 22
Ed Zorn to the real estate industry: Get rid of commission-sharing now
The attorney and broker dives into the nuances of seller concessions, steering, buyer agents' jobs, and avoiding future antitrust trouble ahead of his appearances at Inman Connect Las Vegas
by Andrea V. Brambila Jul 18
Ed Zorn: Why mandatory buyer contracts are a 'big consumer win'
California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas
by Andrea V. Brambila Jul 17