After vigorous debate at the trade group's multiple listing service committee, the proposal heads to the National Association of Realtors' board of directors on Monday
Trade group contends the antitrust regulator never closed its previous investigations into NAR's pocket listing and buyer broker commission rules
Olympic gymnast Simone Biles and former NFL quarterback Drew Brees to speak at Realtors Conference & Expo in San Diego, plus much, much more
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
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
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
The Consumer Federation of America says only 32% of Americans know what the typical commission is
NAR commissioned the report for the trade group's Strategic Thinking Advisory Committee. Among the top 10 dangers noted were 'commissions spiral downward'
The move represents a sharp break from 600 or so other MLSs nationwide, some of whom have threatened to cut off brokerages who have tried to publicly display commissions
Three more plaintiffs added to lawsuit involving the sharing of commissions between listing and buyer brokers
The massive class-action antitrust suit specifically cites training scripts as evidence KW engaged in steering buyers away from low-commission listings
The major class-action lawsuit against NAR, Realogy, KW, RE/MAX, HomeServices of America and more has been amended to include new plaintiffs and new, more detailed accusations
The trade group has quietly denounced the suits' claims in an FAQ to its approximately 1,100 Realtor associations
The suit is nearly identical to 'bombshell' claim filed by 6 law firms on behalf of homeseller Christopher Moehrl