Meanwhile, EXIT Realty reaches a proposed settlement with the homeseller plaintiffs in the case
US District Judge Patti Saris asked the DOJ Antitrust Division for evidence that offers of compensation in the MLS are anticompetitive and harm consumers
The judge presiding over the Hooper suit emphasized that Gibson plaintiffs will be able to object to the proposed settlements through the court's approval process
Plaintiffs and defendant MLS Property Information Network agree that approximately 75% of sellers are opting out of offering compensation to buyer agents in the multiple listing service
Pennsylvania real estate broker Maurice Muhammad highlights alleged disparate enforcement of rules in his amended antitrust complaint challenging 'forced' Realtor membership
At least some of the payout will come from NAR’s reserve funds, including operating reserves and those collected from members specifically for lobbying and to advertise the Realtor brand
Judge Stephen R. Bough of the US District Court for the Western District of Missouri granted preliminary approval to the $895K deal, finding it 'fair, reasonable and adequate'
The independent, Ohio-based real estate brokerage will pay $895K to settle a lawsuit known as Keel for its lead plaintiff, bringing the total settlement fund for plaintiffs in the case to $11.5M
In addition to Side, the fast-moving case — known as Keel for its lead homeseller — names as defendants Washington Fine Properties, Seven Gables, Brooklyn New York MLS and others
Side and other brokerages, along with a pair of MLSs, will collectively pay $10,570,000 to settle the new antitrust case if proposed terms — offered on the same day as the suit was filed — are greenlit
The advantages of the industry's most prolific agents may be growing even more pronounced in the post-settlement landscape, according to an Inman Intel Index poll of real estate professionals
Lessinger's departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters
For most, the rise of negotiated compensation for buyer's agents hasn't dramatically pushed down commissions — yet. But new rules may be benefiting top performers, new Intel polling shows
As NAR's spending comes under the microscope, an Inman analysis of financial filings shows how it doled out funds prior to 2023 — and the likelihood of membership dues rising in the coming years
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