article thumbnail

More local brokerages added to Georgia commission lawsuit defendant list

Housing Wire

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 432
article thumbnail

At World Properties settles the commission lawsuits

Housing Wire

Another brokerage has decided to settle the commission lawsuits. The firm is not disclosing the dollar amount it is paying as part of the settlement agreement, but it noted that the terms are similar to those previously negotiated by Anywhere , RE/MAX , Keller Williams , Compass and The Real Brokerage.

Brokerage 402
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HomeServices settles commission lawsuits for $250M

Housing Wire

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story.

Brokerage 466
article thumbnail

Member Engagement Tools for MLS and Realtor Associations

GeekEstate Agents & Brokers

Today’s showcase: Solid Earth] Creating technology solutions for MLSs and Realtor Associations, Solid Earth launched the first web-based MLS platform, List It, in 1999. Learn More The post Member Engagement Tools for MLS and Realtor Associations appeared first on GeekEstate Blog.

MLS 86
article thumbnail

Douglas Elliman settles the commission lawsuits

Housing Wire

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. The firm also agreed that will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. 31, 2023 , Douglas Elliman had $119.8

Brokerage 441
article thumbnail

Proposed Anywhere settlement: no NAR buyer commission rule, no NAR membership needed

Housing Wire

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. Anywhere will eliminate any minimum client commission requirements that company owned brokerages may have.

Brokerage 432
article thumbnail

Xome names industry vet Mike Jansta COO

Housing Wire

As a seasoned real estate professional, Jansta brings with him his proven track record of innovation and brand expansion, Xome said in a statement on Linkedin. As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S.