A National Association of Realtors spokesperson told Inman that the trade organization is continuing to gather feedback on the pocket listing rule through “many channels.”
Category: antitrust
Broker files multimillion-dollar suit over ‘forced’ NAR membership
Maurice Muhammad alleges a “monopoly” by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.
NAR rival seeks agents for possible class action over Clear Cooperation
The American Real Estate Association is looking for those ‘fined or otherwise harmed’ by the National Association of Realtors’ pocket listing rule and are interested in “collective action.’
NAR asks Supreme Court to weigh in on DOJ fight
The trade group’s petition leans heavily on the government’s promise to close investigations into the Clear Cooperation Policy and the Participation Rule.
Top Agent Network amends suit to focus on NAR as ‘real wrongdoer’
TAN CEO: “NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it”
Law professor creates contract with buyer interests in mind
University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.
NAR rival AREA launches petition to end Clear Cooperation Policy
The American Real Estate Association’s call to end NAR’s pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent.
New forms aim to sidestep NAR settlement, law professor warns
In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.
Ed Zorn: Why mandatory buyer contracts are a ‘big consumer win’
California Regional MLS’s general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.
Judge denies stay order after plaintiffs argue against NAR deal
Attorneys for the plaintiffs in a case now known as Moratis stress that NAR’s proposed settlement won’t stop “a key element of the antitrust conspiracy” and might take years to go into effect.