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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.” Name another industry out there where that happens.

MLS 437
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Maryland home seller files commission lawsuit in Missouri

Housing Wire

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

MLS 417
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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next.

Agents 407
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The Ultimate Safety Net: Real Estate Webmasters’ MLS Backup Service

RIS Media

With the introduction of Real Estate Webmasters’ MLS Backup service—a game-changing solution designed to ensure that MLSs and brokerages are never left in the lurch, even in the face of catastrophic hardware failures or ransomware… The post The Ultimate Safety Net: Real Estate Webmasters’ MLS Backup Service appeared first on RISMedia.

MLS 122
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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

” “The NAR and its MLS partners, which now include Zillow, are allowed to once again close off transparent access to home inventory by entering into agreements among themselves that disadvantage all but their own membership; consumers and competition will suffer,” read the lawsuit. Real Estate Tech Demo Hour.

MLS 475
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Zillow or CoStar? NAR settlement terms could determine a winner

Housing Wire

Many in the industry believe the National Association of Realtors ‘ proposed $418 million settlement of the commission lawsuits will help CoStar to reach its goal. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4% on the day of the NAR settlement announcement.

MLS 453
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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

MLS 475