NAR Settlement Impact Not Felt in New England, So Far
Nearly a year after the biggest national commission settlement was approved, buyer agent commissions haven’t budged much. For real estate leaders in Massachusetts, that’s just fine.
I Have to Sign a Buyer Representation Agreement to See a Property? No Way!
The proposed settlement in the National Association of Realtors’ commission lawsuits has created problems for seller’s agents as well as the more obvious questions buyer’s agents face.
DOJ Seeks to Block Settlement in MLS PIN Commission Case
Federal antitrust prosecutors have asked the judge overseeing a lawsuit against Massachusetts’ main multiple-listings service to reject a proposed settlement in the case, arguing instead that buyers should be the only ones to pay their agents’ commissions.
Keller Williams Settles Commission Lawsuits for $70M
The deal in the two lawsuits, known as “Sitzer/Burnett” and “Batton 2” after their plaintiffs, also calls on Keller Williams to take several steps aimed at providing homebuyers and sellers with more transparency over the commissions paid to real estate agents.
Are Buyers Agents an Endangered Real Estate Species?
A recent court ruling on real estate agent commissions has some industry experts wondering whether the current compensation system can survive much longer in Massachusetts and across the nation.
Commission Lawsuit Raises Stakes for Brokerage Leaders
Regardless of how the judge rules following last week’s verdict in the “bombshell” commission lawsuits, it’s clear that brokers and agents who are already moving to adapt will likely be the winners.
What Might Happen After the ‘Bombshell’ Verdict?
The most important step that the industry can take across the board is to make buyer-broker agreements mandatory in every transaction. But more may need to be done depending on the case’s final disposition.
NAR CEO Out After $1.8B Verdict
Not quite 48 hours after a Missouri jury awarded home-sellers nearly $1.8 billion in damages in an anti-trust lawsuit against the National Association of Realtors over real estate agent commission practices, the association’s chief executive is stepping down.
NAR Plans to Appeal $1.8B Commission Lawsuit Verdict
A Missouri jury handed down a verdict Tuesday afternoon that could upend the residential real estate industry and slap its biggest trade group and several major brokerages with at least $1.8 billion in fines.
Analyst Predicts 1M Fewer Realtors After Commission Lawsuits
A new report by researchers at investment firm Keefe, Bruyette & Woods is warning that the real estate industry could be upended by a trio of lawsuits over agent commissions, including one involving Massachusetts’ main multiple listings service.
MLS PIN Lawsuit Deal Could Up Pressure in Other Cases
A federal judge has given her preliminary approval to a deal that would settle a lawsuit between three local home sellers and the state’s largest multiple listings service, MLS PIN.
