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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 ...
Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
conspiracy among real estate agents to inflate fees paid by home sellers: United States District Court for the Western District of Missouri: 2023 Cobell v. Salazar: Indian trust assets: United States District Court for the District of Columbia: 2009 Collins v. United States: honorable discharge under "Don't ask, don't tell" United States Court ...
William Willard Gibson Jr. (born in Amarillo, Texas, March 5, 1932) received a B.A. in government (Plan II) in 1954 and an LL.B with honors in 1956 from the University of Texas at Austin. During law school he was a member of the Order of the Coif and an editor of the Texas Law Review .
In central Ohio, the commission is often 3% of the sales price to each. A seller, for example, would pay a total of $18,000 ($9,000 to agents on each side) on the sale of a $300,000 home.
Gibson, Dunn & Crutcher LLP is an American multinational law firm headquartered in Los Angeles, California. Founded in 1890, the firm has more than 1,900 attorneys and 1,000 staff in 21 offices across the world, including North America , Europe , Asia , and the Middle East . [ 4 ]