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Charlie Oppler: DOJ needs to honor agreement with NAR

Housing Wire

You should be able to count on the Department of Justice (DOJ) to honor an agreement. Yet, the DOJ filed a response last week balking again at any commitment to honor the agreement in response to our petition saying they should. This is about a fair expectation that a government agency will stick to an agreement.

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Why the US MLS system is the envy of other countries

Housing Wire

Multiple Listing Services (MLS) by those trying to disparage the system. They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. All in all, my parents paid 4.5%

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.”

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Also, fields displaying broker compensation on MLSs must be eliminated, there is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation and buyers’ agents must have written agreements. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

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Redfin named in yet another commission lawsuit

Housing Wire

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. She used Redfin agents for both listing and buying purposes.

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Opinion: Why real estate agents shouldn’t worry about commission changes

Housing Wire

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. The main takeaways from the case: (1) compensation offers will no longer be shown on the MLS. They may try to negotiate, and we either come to an agreement together or we don’t.

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DOJ withdraws from settlement with NAR

Housing Wire

Department of Justice (DOJ) has fully walked back a settlement agreement it reached with the National Association of Realtors (NAR) in the waning months of the Trump administration regarding anti-trust claims, the agency announced Thursday. Editor’s note: This story was updated on July 1, 2021 at 7:50 p.m.