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
by Andrea V. Brambila Sep 30
Invitation Homes to pay $48M to settle tenant 'junk fee' claims
The FTC alleges the company advertised monthly rental rates that did not include mandatory 'hidden' fees that could add up to more than $1,700 per year
by Andrea V. Brambila Sep 24
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 nearly 3,000 signatures since Friday, when the petition was first uploaded to the Change.org platform
by Andrea V. Brambila Sep 23
Buyer commission suit against Hanna adds new, familiar plaintiffs
There are now more than 2 dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits
by Andrea V. Brambila Sep 18
A piece of chocolate cake being removed from the whole
Law professor estimates the plaintiffs' law firms are asking for only 3% of the total value of the deals when 'historic' business practice changes are taken into account
by Andrea V. Brambila Sep 17
Monestier hero
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
by Andrea V. Brambila Aug 27
Consumer group: Stop trying to 'force' sellers to pay buyer brokers
Doug Miller and Wendy Gilch of Consumer Advocates in American Real Estate revealed to Inman on Tuesday the origins of the Moehrl case and warned that agents will be 'under a microscope'
by Andrea V. Brambila Aug 22
When is a buyer contract required? At showings — but not open houses
The National Association of Realtors' proposed settlement agreement requires brokers and agents to sign contracts with buyers they're 'working with.' But what exactly does that mean?
by Andrea V. Brambila Aug 20
Michael Ketchmark: Every move you make, we'll be watching you
In a phone interview, lead plaintiffs' counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow's business model, and the 'monster case' that remains
by Andrea V. Brambila Aug 19
A brave new world awaits the real estate industry. Are you prepared?
Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It's a brave new world, and it begins this weekend
CRMLS warns of 'serious fines' as it rolls out commission changes early
The nation's largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR's proposed settlement
by Andrea V. Brambila Aug 14
Michigan agents and brokers sue NAR due to antitrust settlement
The plaintiffs protest 'compulsory' Realtor membership to access the MLS after the removal of 'the guaranteed broker commission' from the MLS
by Andrea V. Brambila Aug 12
NAR: Settlement mandates 'benefit' buyers and sellers
Consumer guides from the trade group offer a contrast to previous messaging, but also continue to promote pre-emptive offers of compensation to buyer agents
Hanna fights back against homebuyer commission suit
Parent company of Howard Hanna Real Estate Services argues plaintiff agreed to a mediation clause and, as a buyer, doesn't have standing to sue under federal and state antitrust laws
A piece of chocolate cake being removed from the whole
The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead