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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. The National Association of Realtors also began allowing this under its Clear Cooperation policy in early October 2023.) Let’s break down the changes and the implications.

Legal 421
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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 β€œto 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.”

Sellers 413
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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In addition, the contract stipulated that agents must join their local Realtor association.

Law 423
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Chuck E. Cheese, MLS listing books and the correct pronunciation of β€˜Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

β€œI 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. β€œIt It dehumanizes Realtors and turns us into money-making machines.”

Realtors 432
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Judge denies HomeServices’ motion for β€˜judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does. They were guidelines.

Law 396
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HomeServices of America dismissed from Batton 1 commission case

Housing Wire

HomeServices of America can preserve some of its legal war chest β€” for now, at least. District Court for the Northern District of Illinois dismissed a claim made by the plaintiffs under a federal antitrust law. District Court for the Northern District of Illinois dismissed a claim made by the plaintiffs under a federal antitrust law.

Brokerage 392
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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 387