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Alabama law: Buyers don’t have to sign contract before home tours

Housing Wire

Formerly known as House Bill 230 , the law reaffirms Alabamas existing Real Estate Consumers Agency and Disclosure Act (RECAD) framework, with emphasis on early discussions of brokerage services and compensation, but it prevents consumers from signing a contract with an agent early on in their relationship.

Law 283
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NAR faces new suit alleging antitrust violations, discrimination

Housing Wire

The legal woes continue for the National Association of Realtors (NAR). Additionally, the suit claims that NAR’s membership structure — which requires agents to join NAR in order to gain access to a Realtor-affiliated MLS — violate federal antitrust laws.

Realtors 448
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NAR seeks dismissal of Muhammad antitrust suit

Housing Wire

After pushing back against an antitrust lawsuit filed against it in Michigan , the National Association of Realtors (NAR) has shifted its focus to a similar suit filed against the trade group in Pennsylvania.

Realtors 397
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Pending home sales limped to the end of 2024

Housing Wire

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. Annually, pending home sales were down 5.0% in the West.

Contracts 435
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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. And I am confused.

Business 468
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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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Pending Home Sales Climb to Highest Level Since March

Appraisal Buzz

The National Association of REALTORS (NAR) reports that pending home sales increased in September. increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8,

Contracts 418