A broker in Florida is suing the National Association of Realtors (NAR), along with state and local associations and MLSs, for alleged antitrust violations and steering homebuyers into using buyer’s agents. Filed late last week by Jorge A. Zea in the U.S. District Court for the Southern District of Florida’s West Palm Beach Division, the […]
NAR faces new antitrust suit over alleged steering Read More »
As the real estate industry prepared for the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement, one of the biggest questions was how the changes would impact veteran homebuyers wishing to use their loan benefit from the U.S. Department of Veterans Affairs (VA). The NAR settlement requires
VA loan homebuyers navigate NAR settlement with ease Read More »
As the one-year anniversary of the implementation of the business practice changes stemming from the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement approaches, Redfin is reporting that buyer agent commissions are higher than they were a year ago. According to Redfin’s analysis published Tuesday, during the second quarter of 2025, the average
Redfin: A year after the NAR settlement, agent commissions are up Read More »
The headlines were predicting massive declines in real estate agent commissions — some even expected home prices to fall as a result, but a year after the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement went into effect the data is painting a different picture. Prior to September 30, 2024, a little over
The big question: Have agent commissions changed since the settlement? Read More »
Nearly a year has passed since the National Association of Realtors’ (NAR) commission lawsuit settlement agreement business practice changes went into effect and the doomsday predictions have yet to pan out. Homebuyers and sellers are still hiring real estate agents to help them with their real estate transactions and real estate agents are still getting
Agents are still being compensated, but how they are is evolving Read More »
Almost 11 months have passed since the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect. Now, the co-lead counsel for the settlement class is looking to find out if the parties are complying. In a letter sent in April but filed in court last week, the
Plaintiffs’ attorneys are checking on NAR settlement compliance Read More »
In a move that’s unsurprising, U.S. District Court Judge Stephen Bough has granted final approval to 15 more commission lawsuit settlement agreements. Bough granted final approval to settlements negotiated in the Gibson and Keel suits during a joint hearing on Tuesday afternoon. The settling defendants in the two suits, both of which are being overseen
15 commission lawsuit settlements gain final approval Read More »
Commission lawsuit settlement agreements from 15 real estate industry players, including major names like Keyes Co./Illustrated Properties, Side, JPAR, NextHome and Baird & Warner will be up for final approval on Tuesday, June 24. The fifteen settling defendants, which come from the Gibson and Keel suits, filed a joint motion for final approval of the
15 commission lawsuit settlements are up for final approval next week Read More »
The settlement agreement between MLS Property Information Network (MLS PIN) and the Nosalek commission lawsuit plaintiffs has been granted preliminary approval for a second time. Judge Patti B. Saris of U.S. District Court in Boston granted preliminary approval to the fourth amended settlement agreement between the MLS defendant and the home seller plaintiffs at a
MLS PIN settlement gains preliminary approval … again Read More »
A federal judge has granted preliminary settlement approval in the Hooper commission lawsuit that involves several high-profile real estate brokerages — including eXp World Holdings, Mark Spain Real Estate, Weichert of North America and Atlanta Communities Real Estate Brokerage. The order signed by U.S. District Court Judge Mark H. Cohen grants early approval for the settlement
Hooper commission lawsuit settlements granted preliminary approval Read More »