The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices
The brokerage Foster co-founded with Hank Long became known as a giant independent firm across the Mid-Atlantic region, and a pioneer of the 'one-stop-shop' brokerage model
The acquisition comes just 2 weeks after Long & Foster entered the Charleston market and adds nearly 50 additional agents to the brokerage's ranks, according to the company
On Wednesday, 8 homebuyers filed an amended complaint, once thought to be dead, against NAR, Realogy, Keller Williams and others alleging NAR rules have inflated agent commissions
A new lawsuit filed earlier this week sits in stark contrast to 3 previous homeseller suits that allege commission sharing between cooperating brokers inflates seller costs
Are fringe services, including mortgage, settlement and insurance, the future?
Terms of the deal were not disclosed