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Newest commission lawsuit doesn’t seek class-action status

Housing Wire

Defendants in the lawsuit include the National Association of Realtors (NAR), the Real Estate Board of New York (REBNY), HomeServices of America , Compass , eXp World Holdings , Douglas Elliman , Halstead Real Estate , Brown Harris Stevens Residential Sales and Realty One Group. according to the complaint.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation is still legal,” Papasan stressed. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 404
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MLSs, local associations help members navigate changes tied to NAR settlement

Housing Wire

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 380
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Judge denies Zillow’s motion for summary judgement in the REX suit

Housing Wire

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. However, Zilly felt that Zillow had not demonstrated that REX is unable to satisfy the test for commercial advertising or promotion. On Friday, Judge Thomas Zilly, the U.S.

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Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

Agents 437
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BHHS CEO Gino Blefari: ‘Doesn’t agree with it one bit’ about commission conspiracy

Housing Wire

As Ketchmark began his questioning, he tried to show that the structure of HomeServices as the parent company of so many affiliates and franchises had the effect of enforcing the National Association of Realtors’ commission and Clear Cooperation policies. It’s in the best interest of the seller to have as many buyers as possible.”

Sellers 404
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Zillow execs imagine a world without buyer’s agency

Housing Wire

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.