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Commission lawsuits head to Utah

Housing Wire

Like the other commission lawsuits, the Jensen suit is seeking class action status for anyone who sold a property listed on Wasatch Front MLS , Washington County MLS , Iron County MLS or Summit County MLS between Feb. 9, 2020, and the present, and paid a buyer broker commission.

MLS 406
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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. I do believe that the MLS is derived from the concept of cooperation and compensation,” Bailey said.

Agents 371
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Agents and industry pros share their takes on the commission lawsuit trial

Housing Wire

Although the verdict has yet to be announced, Stella said he has been seeing changes to how MLS and agents operate over the past few years. Like Stella, Moffett also believes changes to MLS access may arise as a result of the lawsuit and the provisions outlined in the two settlement agreements. “A That is what they forget.

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Industry reacts to Redfin-NAR split: ‘It’s a crack in the wall’

Housing Wire

We started this process back in June when I resigned our NAR board seat, which are appointed to the top 50 brokerages in the country,” Rath told HousingWire in an interview Tuesday. model of local MLS broker marketplaces has long been — and still is — considered the best value in the world. There is a lot of unwinding to do there.”

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RE/MAX settles buyer broker commission lawsuits for $55 million

Housing Wire

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. In the SEC filing, RE/MAX stated that the settlement was not an admission of liability.

MLS 483
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Industry reacts to the Anywhere settlement

Housing Wire

The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.

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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

In the Times investigation, three women described a pattern of inappropriate behavior by Parcell, who runs the Kenny Parcell Team at Equity Realty in Spanish Forks, Utah. Parcell also wrote that the allegations were false, and claimed he was the victim of character assassination. NAR has over 1.5 Most of its leaders and executives are male.

MLS 440