November 1, 2023
In a significant ruling from Kansas City, the National Association of Realtors (NAR), HomeServices of America, and Keller Williams have been found liable by a jury for allegedly colluding to maintain or inflate high commission rates, specifically through NAR’s Clear Cooperation Rule and Mandatory Participation Rule. In sum, it appears that the jury determined that the rule requiring MLS listings to offer compensation to the buyer’s broker renders the traditional long-standing business practice unlawful. This verdict emerged from the Sitzer/Burnett buyer broker commission lawsuit after only two hours of jury deliberation.
Stay tuned for more updates on this significant ruling.
This update is based on the article “Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions,” originally written by Brooklee Han, Sarah Wheeler, and James Kleinmann, and published by Housingwire on October 31, 2023. The original article can be read here [https://www.housingwire.com/articles/missouri-jury-finds-nar-brokerages-guilty-of-conspiring-to-inflate-commissions/]. This summary has been adapted to fit our newsletter format.
View the detailed source article here.
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April 23, 2025
Artificial Intelligence and Real Estate: Ask the Right QuestionsAI is likely to become more integrated into your life and your work as time moves on, which poses various important questions. When it comes to the real estate industry as a whole, and if you are a REALTOR® specifically, you must begin to grapple with how you are going to use it as a part of your practice.
March 7, 2025
CaIifornia Association of REALTORS® Winter Business Meetings UpdateUpdates from the California Association of REALTORS® Winter Business Meetings. Learn about the new laws and changes in the real estate landscape that could affect property managers, landlords, and real estate professionals across California in 2025.
January 24, 2025
New Laws 2025 Special Edition: Mandatory Buyer Broker AgreementsExplore the significant changes brought by California's AB 2992 to buyer-broker agreements in 2025. Understand how this law affects real estate transactions, differences from the Sitzer/Burnett Settlement, and essential compliance tips for real estate professionals.