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Burnett Copycat Defendants, Objectors Gear Up for Final Settlement Approval This Week
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Several large brokerages are angling to garner more immunity from commission lawsuits as the final hearing for their settlement agreements looms, with eight companies filing their arguments in court yesterday asking the judge to approve their respective agreements—and also explicitly indemnify them in cases that are not identical to the main class-action suits.
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Technical Capabilities Can Help the Real Estate Industry Navigate Clear Cooperation
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The debate around NAR’s Clear Cooperation policy continues among brokers, MLSs, and other real estate industry players. Opinions are sharply divided on this policy, which dictates how and when property listings are created and shared. This polarizing debate threatens the MLS operating model that has successfully served agents and consumers for decades with the most digital, transparent, and consumer-friendly housing marketplace in the world. ...
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The National Association of REALTORS® (NAR) is continuing to put off potential action on the Clear Cooperation Policy (CCP), with the MLS Technology and Emerging Issues Advisory Board choosing not to “make a recommendation or take any other formal action” concerning the policy after two meetings. ...
In a lawsuit filed October 16 in the U.S. District Court in Eastern Pennsylvania, broker Maurice Muhammad, representing himself, is suing the National Association of REALTORS® (NAR), the Pennsylvania Association of REALTORS® and the Greater Lehigh Valley MLS (GLVMLS) for $5.6 million....