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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

In the deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked Warner to comment on a training script from HomeServices CEO Gino Blefari in which he said that when he was an agent, he was supremely confident and would tell prospective clients that while commissions are negotiable “they only go up from 6%.”

Law 401
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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Closing arguments wrap up as Sitzer jury heads for deliberations

Housing Wire

Davis also discussed the MLS and how the National Association of Realtors’ Clear Cooperation Rule impacts both buyers and sellers during her time on the stand. Like the defendants who testified before her, Davis noted that buyers’ agents help both buyers and sellers, as they help bring qualified buyers to the bargaining table.

Agents 373
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How I Bought a Home in Killeen, TX for $55/mo

Hood Homes Blog

I had overheard our training sergeant at the time talking about fourplexes and multifamilies, and how lucrative it had been to him to buy one, live in it, and rent the other units out. Sure enough, I contracted on a $177,000 fourplex in SW Killeen and closed a week after redeploying. It was also cash flow negative.

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ClearCast Podcast E19 — Nooklyn CEO Moiz Malik

Clear Capital

The seller has a bunch of dogs — like 10 little tiny puppy dogs — in the yard is constantly covered in dog poop as a result. Like, the seller never cleans it up. And then the roadblock is the ability to hire and train those people is, you know, a significant amount of work. That was a great movie. Moiz Malik.