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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 NAR currently represents about 1.6 million Realtors, with 90% of agents cashing in an average commission of 5% to 6% — equal to $100 billion in annual commissions.
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 ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
Fennemore Craig, P.C. is a Mountain West regional law firm that offers clients legal services in both litigation and commercial transactions. The firm offers clients legal services in financial restructuring, bankruptcy, creditors' rights, commercial litigation, estate planning, government relations, intellectual property, etc. [1]
U.S. Supreme Court cases. 14 Penn Plaza LLC v. Pyett; 303 Creative LLC v. Elenis; 44 Liquormart, Inc. v. Rhode Island; 62 Cases of Jam v. United States
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 ...
Walkup was first elected on November 2, 1999, defeating Democratic former City Councilwoman Molly McKasson and local businessman Bob Beaudry. Benefitting from a split in the Democratic vote, [5] he was sworn into office on December 6, 1999, succeeding two-term Tucson mayor George Miller, who retired from office as the city's longest-serving official. [1]