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.
Category: doj
FBI raids Atlanta office of apartment operator Cortland
Investigators searched the company’s office as part of an inquiry into alleged apartment price-fixing in the multifamily industry.
Will dual agency become common after NAR’s settlement?
Some believe more buyers will come to the table without agents. That could lead to fertile breeding grounds for the polarizing practice sometimes known as “double ending.”
Will lawsuits end 6% commissions? Probably not, 1 law professor says
A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference.
An anticipated settlement still shocks the real estate industry
Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes.
Defendant, plaintiffs in Nosalek commission case unite against DOJ
Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case.
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs.
Agents steer buyers to homes with better commissions, study claims
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell.