Consumer watchdog develops new standard to assess buyer contracts
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers
by Andrea V. Brambila Jul 16
A piece of chocolate cake being removed from the whole
The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on 'historically common practices'
by Andrea V. Brambila Jul 12
No HomeServices deal yet, months after settlement announcement
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250M in April
More homebuyers sue to upend how real estate agents get paid
Howard Hanna is the latest brokerage to be hit with a buyer commission suit seeking class-action status
Sellers appeal Keller Williams, Anywhere, RE/MAX settlements
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
Listing agreement slammed as CFA resumes California Realtors probe
The second report by the Consumer Federation of America to focus on the California Association of Realtors in as many weeks examines the association's 7,000-word homeseller listing agreement
MLS PIN forges ahead with rule changes over DOJ objections
Effective immediately, listing brokers and agents can submit for-sale listings to the MLS without offering any cooperating compensation to the buyer broker
by Andrea V. Brambila Jun 27
Judge pauses New York antitrust suits over plaintiff objections
Plaintiffs allege REBNY and dozens of real estate brokerages perpetrated a 'wholly separate conspiracy' from the claims resolved by the NAR settlement, but defendants disagree
by Andrea V. Brambila Jun 26
Judge denies stay order after plaintiffs argue against NAR deal
Attorneys for the plaintiffs in a case now known as Moratis stress that NAR's proposed settlement won't stop 'a key element of the antitrust conspiracy' and might take years to go into effect
by Andrea V. Brambila Jun 24
Broker-owned MLSs have forked over millions under NAR opt-in deal
The vast majority of more than 600 multiple listing services nationwide have chosen to opt in to the National Association of Realtors' commission settlement, according to a new Inman analysis
by Andrea V. Brambila Jun 24
DOJ, NAR, counting down: Inman's Top 5 stories of the week
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Jun 21
'Not warranted': DOJ pushes back against NAR rehearing request
The US Department of Justice on Monday argued NAR 'does not identify any errors of law or fact meriting panel rehearing' over whether the antitrust enforcer can reopen its probe into NAR rules
Countdown as firms not covered by NAR settlement face tough choice
Brokerages and MLSs have until 11:59 pm CST Tuesday to opt in to deals resolving antitrust claims brought by sellers targeting commissions. Inman contacted 79 brokerages for their updates
by Taylor Anderson Jun 18
Mark your calendars: DOJ set to weigh in on multiple antitrust cases
The antitrust enforcer has until June 20 and 21 to give its take on three real estate-related cases and potentially influence upcoming commission changes
by Andrea V. Brambila Jun 18
Proposed DOJ ban on commission offers against the law, MLS says
MLS PIN on Monday urged a district court to reject the Department of Justice's arguments against a settlement with homeseller plaintiffs in the Nosalek antitrust commission case
by Andrea V. Brambila Jun 12