Housing Wire
NOVEMBER 8, 2023
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. But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said.
Housing Wire
JANUARY 2, 2024
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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Housing Wire
OCTOBER 23, 2023
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 his video deposition, King said that Keller Williams does not have an anti-trust policy. million real estate licensees in the U.S.,
Housing Wire
OCTOBER 26, 2023
Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents. According to Frazier, homebuyers working with ReeceNichols agents sign a buyer agreement that if the seller doesn’t pay the buyer agent’s fees, then the buyer will pay the fee themselves. They were guidelines.
Housing Wire
SEPTEMBER 27, 2023
Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.
Housing Wire
NOVEMBER 8, 2023
Current legislative proposals would require states to “mandate a real estate-related disclosure form with specific flood-related questions,” which would require 49 states to “make significant amendments to its laws and regulations” leading to an administrative and enforcement burden, NAR said.
Housing Wire
FEBRUARY 21, 2024
HomeServices of America can preserve some of its legal war chest — 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.
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