Inman: 'Brain exploding!': Agents, brokers torn over commission suit ruling16772
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Inman (28 April 2022) 'Brain exploding!': Agents, brokers torn over commission suit ruling | Agents and brokers told Inman they're reeling over a federal court's decision to grant class action status in a commission suit that could rock the real estate industry by changing how they're paid Hi All, Excellent article (above) about: Inman (27 April 2022) Federal commission suit now a class action; NAR, Realogy vow to appeal | Days after oral arguments, a judge Friday granted class certification in 1 of 2 federal commission suits that could rock the real estate industry and impact how agents are compensated nationwide -- I encourage you to subscribe to Inman. Free 90 day trial of Inman with this WGAN Affiliate Code |
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 WGANStandard Member New York City |
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| I >>>>HATE<<<< when an article is posted that I have to pay to read. Grrrrrrr |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| @3dVuz Yes. Get the free 90 day Inman trial. It's worth it for these two articles. Dan |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Real Estate News (31 May 2023) 3 things to know about the commissions class action lawsuit | As the Moehrl vs. NAR, et al., lawsuit moves forward, these key details can help real estate pros understand the basics. | ||
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Business Insider (26 June 2023) An epic fight over how real-estate agents get paid could transform the housing market forever | ||
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Inman (18 September 2023) RE/MAX settles bombshell commission lawsuits for $55M | The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents' The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including “no longer forcing homesellers to pay buyer’s agents.” Source: Inman -- MarketWatch (18 September 2023) Re/Max to Pay $55 Million to Settle Buyer-Broker Commission Class Actions --- The Real Deal (18 September 2023) RE/MAX paying $55M to settle brokerage commission lawsuits | Brokerage also agrees to change its business practices RE/MAX will cough up an eight-figure sum to extricate itself from two class-action lawsuits over agent commission payments. The company agreed on Friday to pay $55 million to settle the claims filed in Kansas City and Chicago, according to a document filed with the Securities and Exchange Commission. If approved by the judges in each case, the settlement would remove RE/MAX from the landmark lawsuits without holding the company responsible for claims outlined in them. The lawsuits, known as Sitzer/Burnett and Christopher Moehrl, allege the brokerages violated the Sherman Antitrust Act by colluding with the National Association of Realtors to inflate commissions paid by home sellers. Source: The Real Deal |
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| CoStar (18 September 2023) RE/MAX Offers $55 Million Settlement in Lawsuits Regarding Residential Agent Commissions | Class-Action Suits, Also Naming National Association of Realtors, Could Change How US Homes Are Sold |
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| The Wall Street Journal (18 October 2023) Real-Estate Commissions Could Be the Next Fee on the Chopping Block | A pair of lawsuits seeking billions in damages allege the home-sales industry has conspired to keep costs high | ||
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