Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week.
Category: MLS & Associations
NAR’s settlement paints a murky commission picture for consumers
CEO Sean Frank writes that an unintended consequence of MLS changes following on the heels of the NAR settlement is that the dynamics of real estate transactions become less transparent to the very individuals they are meant to serve: buyers and sellers.
Association of more than 200 MLSs blasts DOJ ‘flaws’ in Nosalek case
The Council of Multiple Listing Services, a trade group of about 225 MLSs, united with Northwest MLS on Wednesday to pen amicus briefs exposing alleged flaws in the DOJ’s statement of interest.
‘Apologize’ and 17 other common-sense ways to begin reforming NAR
Even before the courts resolve how agents are compensated, the National Association of Realtors has an opportunity to set a course for victory, Inman founder Brad Inman writes.
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.
As NAR settles, real estate braces for seismic shift: The Download
Everything you know about commissions is poised to change as NAR reaches a massive $418 million settlement.
NAR agrees to settle commission lawsuits for $418M
NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement.
Case-Shiller is a go-to source for prices — but know these blind spots
Repeat-sales models have been the gold standard in home-price tracking for decades. Intel examines what they miss, and what some data providers are doing to fill in the gaps.
Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout
After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX.
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.