DOJ launches criminal probe into RealPage amid rent-fixing scandal
The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a 'price-fixing combination'
by Ben Verde Mar 25
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
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
NAR breaks silence on DOJ call to decouple commissions
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a 'major watershed' in promoting more competition in real estate
by Andrea V. Brambila Feb 23
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
DOJ to Nosalek judge: Broker commissions should be decoupled
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly
NAR halts 'presidential initiatives' for next 2 years amid turmoil
The trade group will not take on pet projects for the duration of NAR President Kevin Sears' tenure, which is slated to last until November 2025, he told NAR's Board of Directors Wednesday morning
by Andrea V. Brambila Feb 15
NAR president: The DOJ is a 'bigger problem' than $1.8B Sitzer verdict
In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it 'forced down our throats'
Attorney lays out how real estate can survive the commission suits
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements
by Andrea V. Brambila Jan 26
Patriot Bank denies DOJ redlining allegations, settles for $1.9M
Government alleges competitors in the community bank's peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020
by Matt Carter Jan 19
James Dwiggins: NAR needs a top-down overhaul
Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits
by Jim Dalrymple II Jan 9
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs
by Andrea V. Brambila Dec 28
Facade Flags Justice Department Building Washington DC
A 3-judge panel for the Washington DC circuit seemed inclined to let the agency resume its probe into the National Association of Realtors' cooperative compensation and pocket listing rules
NAR: 'We have many grounds' to appeal the Sitzer | Burnett verdict
The National Association of Realtors laid out its arguments to overturn the ruling Tuesday. The plaintiffs' attorney said if the trade group doesn't change, it risks an injunction and DOJ wrath
by Andrea V. Brambila Nov 15