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Now, on top of that, come the new NAR rules. Instituted in August, as part of a federal lawsuit settlement, the association’s guidelines affect how Realtors are compensated.
Jurors found that all the defendants in the case "knowingly and voluntarily" engaged in a conspiracy with the goal of "raising, inflating, or stabilizing broker commission rates paid by home sellers" by following and enforcing NAR's cooperative compensation rule. The jury awarded $1.8 billion in damages, which was eligible to be trebled to $5.4 ...
NAR, which boasts 1.5 million members, has agreed to pay $418 million in damages to settle a wide range of lawsuits in courts across the nation, including the shocking $1.8 billion verdict awarded ...
A change to the real estate commission structure is shaking the industry — and homebuilders and consumers appear to be the winners. This week, Compass agreed to pay $57.5 million to settle ...
The Constitution also contains several other provisions enumerating various state policies including, i.e., the affirmation of labor "as a primary social economic force" (Section 14, Article II); the equal protection of "the life of the mother and the life of the unborn from conception" (Section 12, Article II); the "Filipino family as the ...
The Supreme Court ruled in 1997 that the People's Initiative method of amending the constitution is "fatally defective", or inoperable. Another ruling in 2006 on another attempt at a People's Initiative was ruled unconstitutional by the court [15] This only leaves the Constituent Assembly and the Constitutional Convention as the valid ways to amend the constitution.
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
The Tydings–McDuffie Act of the United States Government detailed the steps required for the Philippines to become independent of the United States. A previous act, the Hare–Hawes–Cutting Act, had been rejected by the Philippine Congress. The constitution was approved by 96% of voters, and was replaced by the 1973 Constitution of the ...