A judge had previously granted preliminary approval of the $3.95M settlement, which removed the option to display offers of compensation to buyer brokers on the MLS
The $3.95M settlement in the Nosalek case removes the option to display compensation to buyer brokers via the MLS and goes up for final approval in September
Any responses or objections to the $1.5M deal must be filed with Delaware's Chancery Court on or before May 1
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
Grasso will replace Kathy Condon, an MLS veteran of 44 years, as the leader of the largest multiple listing service in New England
Homesellers accuse Massachusetts-based MLS PIN, Realogy, Keller Williams, RE/MAX and HomeServices of America of conspiracy to stifle competition and inflate commissions
'We are a technology company hidden inside an MLS,' says MLS Property Information Network CEO Kathy Condon
Canceling open houses, making showings voluntary and offering online training are some of the steps MLSs are taking. More drastic steps may be on the horizon