Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November
The discount brokerage struck on Wednesday following the National Association of Realtors' petition 2 days earlier to compel the DOJ to uphold its antitrust settlement
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
National Association of Realtors: 'The Administration has publicly signaled a lack of understanding about the MLS system and the associated commission structure'
Total commission revenue in 2021 could ultimately top $100B for the first time ever, according to a new report from Knock
Opinion
The DOJ's most recent action seems to be a giant step backward toward any resolution. Here's what you should know
The US Department of Justice just backed out of an antitrust settlement with the National Association of Realtors, suggesting more legal wrangling is on its way
The Department of Justice and The PLS argue that lower court should have considered Clear Cooperation Policy's impact on brokers who directly purchase access to listing services, not on buyers and sellers
In an op-ed co-written by REX CEO Jack Ryan and REX President Lynley Sides, the pair said they 'won't stop' until policies like NAR's segregation rule no longer impede consumers
Real estate commissions are inflated by as much as $50B per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal
US District Judge John Barker argued that Congress lacked the authority to give the CDC power to halt evictions, and that the moratorium threatened to impinge upon landlords' rights under state law. The DOJ filed a notice on Saturday to appeal the ruling
REX CEO Jack Ryan said he believed the recordings contributed to getting the US Justice Department's antitrust lawsuit against the National Association of Realtors off the ground
Bidding wars, record mortgage rates and lots of Keller Williams news dominated the conversation, and Inman's headlines, in 2020
Though still relatively rare today, some agents foresee a future in which buyers are more directly responsible for their agents' commissions. That could pose a challenge for buyers — though some agents have already figured out solutions
Proposed settlement would require the trade group to repeal or change several rules the US Department of Justice deems anticompetitive