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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 …
Commission Class Action Lawsuits Part 9 Critical MLS Questions Read More »
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 …
Reading Time: 3 minutes The long-anticipated Sitzer/Burnett class action commission lawsuit entered its first day in court last Monday, leaving real estate professionals to ponder the fate of today’s cooperation and commission practices. Here are some of the highlights of the first week of the court case: At the crux of the case is the allegation that commission rates …
Reading Time: 3 minutes Now that Trials are starting, it’s important for the industry to be able to explain why our structure and standards of practice work best for all parties. We’ve talked about the details of the 3 leading Class Action Commission Lawsuits unfolding against the real estate industry in Parts 1-4 in our newsletter series: Sitzer/Burnett Moehrl …
Reading Time: 5 minutes Commission Class Action Lawsuits Part 4 As a bombshell class-action trial fast approaches, the National Association of Realtors says it’s now allowing listing brokers to offer buyer brokers nothing in compensation when listing a home in a Realtor-affiliated multiple listing service. The new interpretation of the controversial commission rule being challenged in the case comes …
Reading Time: 2 minutes Are Class Action Real Estate Commission Lawsuits coming to Alaska? Mastermind groups nationwide have moved the discussion of these class action lawsuits to the top of their concerns Cheryl. Are you hearing any discussions? So what’s the big deal? In the two lawsuits that have already been filed, where multi million dollar settlements have already …