A federal judge in Missouri is currently evaluating objections to a $418 million settlement proposed by the National Association of Realtors (NAR) concerning home sales commissions. The settlement has faced criticism from various groups, including home sellers and buyers involved in separate lawsuits, who argue that the deal is overly broad and may prevent claims in other ongoing legal actions. These challengers have urged the judge to reject the settlement, asserting that it fails to adequately address issues such as steering practices, commission rates, and the obligation of buyers to pay their agents. The outcome of this case could have significant implications for the real estate market and consumer protections. Additionally, a recent ruling in Los Angeles dismissed trade secret claims against Move, the parent company of Realtor.com, further complicating the landscape for real estate firms.
Judge approves brokerage settlements totaling $110 million https://t.co/cKFrqS0G5y #realestatenews #realestate
[VIP] Thinking about Monestier's Objection to the NAR Settlement. #realestate #NAR #antitrust. Subscribers Only. In which I read the 143 page filing so you don't have to. There's a LOT to learn from here, way beyond her distaste for lawyer fees. https://t.co/Nithe3MsM3 https://t.co/9Zr5hUx3UL
.@realtordotcom parent company Move suffers blow after U.S. District Court in #LosAngeles dismisses trade secret claims against CoStar https://t.co/BEFZMZgxCo