Business Pratices

Reading Time: < 1 minute Over the Holidays more Class Action Commission Lawsuits have been filed. The pace is picking up. 5 Class Action Lawsuits were filed in November, 7 in December and 5 so far in January. Now the count is over 19 and I wanted to bring you a summary of the second group today. Lots of research […]

Reading Time: < 1 minute Over the Holidays more Class Action Commission Lawsuits have been filed. Now the count is over 19 and I wanted to bring you a summary of the first 10 today with additional case overviews I will send later this week. Lots of research was done to extract these with much of the effort borrowed from

Reading Time: 2 minutes Second Class Action Lawsuit Filed in Texas In less than a month a second Real Estate Class action Lawsuit on Commissions has been filed in Texas. This new lawsuit seeks punitive damages and is named Martin, et al., v. Texas Association of Realtors, Inc., et al. This The plaintiffs are seeking class-action status for their

Reading Time: 3 minutes Attorney and Mortgage Company insights! Attorney Insights: Clint Coons Esq. reviewed many of the new Commission Class Action Lawsuits from a legal strategy perspective and he discussed how attorneys will name multiple defendants in an attempt to get them to turn on each other in exchange for softer treatment. You can see this strategy unfolding

Reading Time: 2 minutes Copycat Lawsuits are springing up in multiple states including New York, Texas, South Carolina and New Jersey, with more to follow. Next steps for NAR and other plaintiffs include as noted, NAR has said it plans to appeal the verdict. This is just the first chapter in a longer legal process. In terms of timing,

Reading Time: 3 minutes Are MLS and REALTORS treating this seriously? AKMLS had 3 meetings and our students gave the meetings a mixed report card. The students in last week’s live classes just after the AKMLS meeting, reported the mediation attorney AKMLS brought up didn’t understand the restraint of trade issues and said Alaskan real estate professionals were not

Reading Time: 3 minutes Critical MLS Questions MLS had 3 meetings last week and our students gave the meetings a mixed report card. I will give a detailed narrative on the meetings and MLS actions taken after the meeting, in next week’s newsletter. Lawsuits expanding to multiple states! Texas commission lawsuit names real estate teams and individual broker as

Reading Time: 3 minutes AKMLS Bringing Attorney for 3 Presentations this week. What questions should I ask? MLS Questions. What rule changes do you plan on making? What forms are you planning on changing? How soon do you plan on making the changes? What role will the broker members have in the changes? What changes should MLS members make

Reading Time: 3 minutes Are Class Action Real Estate Commission Lawsuits coming to Alaska? As you know, the long-anticipated Sitzer/Burnett class action commission lawsuit verdict is in. In the Sitzer/Burnett buyer broker commission lawsuit a Kansas City jury has found the National Association of Realtors, HomeServices of America, and Keller Williams guilty of colluding to inflate or maintain high

Reading Time: 2 minutes The long-anticipated Sitzer/Burnett class action commission lawsuit verdict is in. I have gathered 30 pages of information and will spend the next several hours summarizing the information for a newsletter I will send you tomorrow, but I wanted to get this news to you right away, so stay tuned. Here are the major points: Missouri