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Anywhere Real Estate, Inc. RE/MAX, LLC; 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 verdict in the NAR lawsuit has made it likely the real estate industry won’t be able to charge 5%-6% commission rates across the board, writes Stephen Brobeck.
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
The United States Court of Appeals for the Eighth Circuit across Missouri in St. Louis has jurisdiction over decisions appealed from the Western District of Missouri (except for patent claims and claims against the U.S. government under the Tucker Act, which are appealed to the Federal Circuit).
Missouri Municipal League, 541 U.S. 125 (2004), is a U.S. Supreme Court case decided on March 24, 2004. The case concerned the Federal Communications Commission ’s ability to preempt state law under § 253(a) of the Telecommunications Act of 1996 .
For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
The Missouri Constitution provides for the Circuit Courts in Article V, Judicial Department. [1]Section 14: Circuit courts – jurisdiction – sessions. (a) The circuit courts shall have original jurisdiction over all cases and matters, civil and criminal.