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
But Kossev, the managing broker of Texas at Side, said that luxury buyers in particular seem to understand the value of compensating their real estate agents
Existing-home sales fell 4.2% year over year to a seasonally adjusted rate of 3.86M in August as buyers awaited the Fed's decision to cut rates, according to National Association of Realtors data
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
The Agency CEO and founder said he plans to revive a lawsuit against NAR over a pocket listing network. The threat came days after NAR officials convened to reevaluate Clear Cooperation
Opinion
The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents
Despite its problems, brokerage CEO Sean Frank writes, NAR membership is still the logical option for real estate professionals
In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index they were frustrated with industry trade groups and have considered leaving real estate. Will it all blow over?