Real Estate News
.....Welcome to my Podcasts.....I help people buy and sell houses. I also share information, news, and topics about the real estate industry; how they may affect the metro Atlanta real estate market; pose problems and solutions; and address issues that may influence decisions to buy or sell… read more
Class action lawsuits, violation of Sherman Anti-Trust, and who will now pay Buyer Agent commissions?
Will real estate commissions get cut in half?
Massachusetts Home Sellers File Lawsuit Against MLS, Real Estate Brokerage Giants
Price fixing has sent Realtor commissions soaring in an already hot market, lawsuit alleges
Federal court dismisses commission-sharing case against NAR - Judge Andrea R. Wood, who presided over the case, found that the lawsuit is barred under the U.S. Supreme Court’s Illinois Brick ruling, which has generally limited federal antitrust claims under the Sherman and Clayton acts to “direct” purchasers of the price-fixed product or service, not “indirect” buyers further down the chain. Wood is also overseeing the Moehrl case. In his lawsuit, Leeder requested that the court stop NAR from enforcing the rules that require listing brokers to offer a buyer broker commission in order to submit a listing to a NAR-affiliated MLS. Wood’s role as the judge overseeing the Moehrl suit helped inform her decision not to grant this request.
Here is link to Sitzer/Winger lawsuit.
JOSHUA SITZER, ET AL. V. THE NATIONAL ASSOCIATION OF REALTORS, ET AL.
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