NAR-DOJ rule changes won't come for months
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March
by Andrea V. Brambila Mar 23
Listen: REX releases recordings of agent steering
One agent told the discount brokerage: 'I won't bother to show [the listing]. Who's your local agent though because I'll make sure to tell people not to work with them'
by Andrea V. Brambila Mar 18
Study commissioned by REX claims commissions are deeply inflated
Real estate commissions are inflated by as much as $50B per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal
by Andrea V. Brambila Mar 12
REX takes aim at Zillow with new lawsuit
REX alleges Zillow shift to IDX feed is 'driving consumers away from REX'
by Patrick Kearns Mar 9
Federal judge in Texas rules eviction moratorium unconstitutional
US District Judge John Barker argued that Congress lacked the authority to give the CDC power to halt evictions, and that the moratorium threatened to impinge upon landlords' rights under state law. The DOJ filed a notice on Saturday to appeal the ruling
A pair of hands pruning a tree
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
by Andrea V. Brambila Feb 25
California Regional MLS allows display of buyer agent commissions
Listing brokers and agents will not be able to opt out of having the compensation they're offering made public, according to the California Regional MLS
by Andrea V. Brambila Feb 12
Redfin to display buyer's agent commissions in 65 markets
Redfin's brokerage website and mobile application will soon display the amount of compensation being offered to buyers' agents on more than 700,000 listings
by Patrick Kearns Feb 8
Realogy beats back commission fraud lawsuit from investors
Judge says pointing to antitrust lawsuits and a Department of Justice investigation 'is insufficient' to show anticompetitive behavior
RE/MAX starts displaying buyers' agent commission on listings
The move comes in the wake of the agreement between NAR and DOJ concerning Realtor competition
by Patrick Kearns Jan 29
A commission suit with a twist: It's the buyers who are getting screwed
A new lawsuit filed earlier this week sits in stark contrast to 3 previous homeseller suits that allege commission sharing between cooperating brokers inflates seller costs
by Andrea V. Brambila Jan 29
Alabama and Georgia Realtors pause efforts to stop eviction ban
Alabama and Georgia Realtors suspend their lawsuit against the Trump administration at least until February after legislation extends moratorium
by Andrea V. Brambila Jan 13
NAR, MLSs seek to avoid disclosing competition documents in pocket listing suit
The PLS wants info on Upstream, the DANGER Report, the Clear Cooperation Policy and antitrust inquiries from the DOJ or FTC. Realtors say producing these documents would impose 'substantial burdens' on them
Here are Inman's 20 most-read news stories of 2020
Bidding wars, record mortgage rates and lots of Keller Williams news dominated the conversation, and Inman's headlines, in 2020
by Jim Dalrymple II Dec 23
The DOJ-NAR lawsuit is good for us all
Opinion
These changes don't spell the end of anything. They provide consumers with information. Transparency, protecting your clients' interests and codifying best practices are all good things
by Jay Thompson Nov 20