Updated almost 7 years ago on . Most recent reply
Class Action Lawsuit Attacks MLS Systems
It's far too soon to say whether this will go anywhere, but this is absolutely a lawsuit to watch. A few high profile class action law firms are going after the National Association of Realtors, many of the largest MLS systems in the country, and others alleging that the current system in which MLS systems require sellers to pay commissions to buyer's agents violates antitrust laws. Copy of Class Action Complaint
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#2 Investor Mindset Contributor
- Realtor
- Boulder, CO
@Mark Rogers I'm not a lawyer but common sense tells me this suit is likely to be dismissed because the premise that NAR/MLS can "force" sellers to pay a commission is false. Commissions are 100% negotiable. Typically sellers pay commission but nobody is forcing anybody nor is anybody forcing sellers to use the MLS they can FSBO if they so choose. MLS is just currently the most complete and up to date listing service for buyers and sellers to use if they like, it's not forced on anyone and neither are commission structures.