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Sitzer/Burnett

15 commission lawsuit settlements are up for final approval next week

Commission Lawsuit, HWmember, Legal, NAR Lawsuit Settlement, National Association of Realtors, NextHome, Real Estate, Side Real Estate, Sitzer/Burnett /

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 »

Are settlement rules pushing down agent commissions? New survey says the opposite

Agent, Commission Lawsuit, HWmember, National Association of Realtors, Real Estate, Real Estate Agents, Sitzer/Burnett /

Few events in recent real estate history have rattled the industry more than the antitrust lawsuits filed against major brokerages and the National Association of Realtors (NAR), accusing them of artificially inflating agent commission rates. NAR settled the Sitzer-Burnett case for $418 million and agreed to rules that the plaintiffs believed would help bring down

Are settlement rules pushing down agent commissions? New survey says the opposite Read More »

MLS PIN settlement gains preliminary approval … again

Commission Lawsuit, Department of Justice, HWmember, Legal, NAR Lawsuit Settlement, Real Estate, Sitzer/Burnett /

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 »