At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.
Category: NAR
NAR commission settlement rules will go into effect in August
The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected.
Douglas Elliman settles commission suits for up to $17.75M
The proposed deal would resolve antitrust claims brought by homesellers but not homebuyers.
Is NAR a net-positive? It depends if you ask an agent or a broker: Intel
These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.
60-day clock begins for brokerages seeking to opt into $418M NAR deal
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.
Existing-home sales drop in March as high rates stun homebuyers
Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors.
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.
NAR President Kevin Sears sells brokerage to Anthony Lamacchia
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.
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.
‘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.