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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 466
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Maryland home seller files commission lawsuit in Missouri

Housing Wire

Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e., The lawsuit is seeking class action status for everyone in the U.S.

Sellers 388
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NAR, brokerages say Sitzer/Burnett plaintiffs are trying to dodge cross examination

Housing Wire

Less than three weeks out from the trial start date, plaintiffs in the Sitzer/Burnett buyer broker commission class action lawsuit filed a notice to withdraw three named plaintiffs. The two-page filing offered no explanation for the decision. “The

Brokerage 367
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Opinion: Foreign land ownership legislation and principles for protecting property rights

Housing Wire

As an organization dedicated to protecting property rights, the American Land Title Association (ALTA) wants to help ensure laws do not discriminate against or prevent people from legally purchasing real estate. First, any law restricting ownership must clearly state that the obligation to follow the law rests with the buyer.

Law 349
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Sitzer plaintiffs expected to rest their case today

Housing Wire

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.”

Legal 353
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Real estate industry is in flux after shocking guilty verdict in commission lawsuit trial

Housing Wire

One option is that NAR and the MLSs can no longer require cooperative compensation, but listing agents and their sellers can still offer the buyer broker compensation if they so choose. It is a situation where buyers need to pay their own agents and sellers have to pay their agent separately?”

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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

JND Legal Administration is in charge of distributing the mailers, emails and press releases. The firm was appointed as the designated settlement administrator for the suit in 2022, over a year prior to any settlement agreements being reached. The emails and postcards also note that the settlement total is $208.5 she asked. “It

Agents 392