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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]
The National Association of Realtors recently reached a $418 million settlement that bars the association from establishing any sort of rules regarding agent commissions.. The landmark legal case ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 [4] by co-executive chairmen Rich Barton [5] and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current ...
Shares of Zillow have dropped nearly 20% since Thursday as investors feared that lower commission rates for agents could lead to less business for the real estate platform.
Richard L. Friedman is a real estate developer involved in multiple business, civic, and charitable endeavors. [1] Friedman is the President and CEO of Carpenter & Company, Inc. of Cambridge, Massachusetts, a private firm involved in real estate and private investments.
Re/Max agreed to pay $55 million, and Anywhere Real Estate, the Madison-based company that owns Coldwell Banker and Sotheby's International Realty, agreed to pay $83.5 million. And both said they ...