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Maryland home seller files commission lawsuit in Missouri

Housing Wire

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” The National Association of Realtors will respond to this complaint in court.”

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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

Realtors 401
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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. JND Legal Administration is in charge of distributing the mailers, emails and press releases. What do the postcards say? Millions are expected to be sent out across America. “If

Agents 372
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

Legal 310
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Illinois homebuyers file second commission lawsuit, and it may be the largest one yet

Housing Wire

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

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

Housing Wire

It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. It’s yet to be determined what this means for Realtors at this point,” Timothy Ray, the lead attorney for Keller Williams, told HousingWire in the Charles Evans Whittaker U.S.

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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 331