As the trade group's chief legal officer exits, the National Association of Realtors prepares to evaluate its legal exposure and develop a litigation strategy. Is it too little too late?
TAN CEO: 'NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it'
New CEO Nykia Wright told NAR's board of directors the trade group's next step will be to develop a 'comprehensive' litigation strategy and size up any additional legal exposure related to its rules
15 MLSs and 13 brokerages that chose to opt-in to NAR's commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450M
After a decade leading the trade group's legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving
The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn't name the organization as a defendant
Nearly a hundred real estate professionals shared their thoughts on NAR's Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule
Opinion
Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields
Some real estate leaders say the focus on Clear Cooperation stems from the recent commission lawsuits. But others see a deeper question about brokerage profits at the heart of the issue
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
Documents obtained by Inman show Anywhere shares some — but not all — of Compass' concerns with the rule while on Thursday Compass CEO Robert Reffkin reiterated his call to ditch the policy
Rayse, which the company has positioned as a way of 'pushing back against the settlements,' is backed by Realtor associations, MLSs, brokerages and leaders, including co-CEO James Dwiggins
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
Opinion
In challenging the National Association of Realtors' Clear Cooperation Policy, Robert Reffkin writes, Realtors are upholding their highest moral, ethical and legal duties to serve clients
‘It is time to allow members the ability to choose where they allocate their membership and dues dollars between the local, state and national levels,’ Alabama Realtors wrote to NAR on Tuesday