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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit. And that is positive.

Legal 395
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Michigan suit claims Realtor memberships have no value after compensation banned on MLS

Housing Wire

Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. Hardy is the owner of Snyder Kinney Bennett and Keating LLC , which does business in southeast Michigan as Signature Sotheby’s International Realty.

Realtors 370
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Real estate leaders emerge from chaos with confidence

Housing Wire

(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. 17 deadline, much of the industry concern was over how home buyers and sellers would react.

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Consumer advocates call California Realtors’ buyer rep agreement ’unreadable’

Housing Wire

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” Additionally, the CFA stated that California Realtors have obtained a copy of the analysis.

Realtors 418
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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS.

Realtors 243
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Coldwell Banker’s Kamini Lane blasts potential repeal of CCP

Housing Wire

With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule.

Sellers 360
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Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482