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ForumsArrowReal Estate News & Current EventsArrowCourt throws out pocket listing lawsuit against NAR and MLS
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Court throws out pocket listing lawsuit against NAR and MLS

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  • Posts 28
  • Votes 4

Michael C Williams
Real Estate Agent from San Francisco

posted 22 days ago

Big development in the fight against the "cartel". Would love to hear everyone's opinion on this ruling.


http://builditconcrete.com/cou...

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Check Rosette Top Subjects:
Rentals, Real Estate Finance, and Traditional Financing
  • Posts 13K
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Russell Brazil (Moderator) -
Real Estate Agent from Washington, D.C.

replied 22 days ago

Its hard to tell how serious I should take this article when it is referring to what I think is supposed to be "lawsuit" as "swimsuit."

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  • Posts 5
  • Votes 0

Michael Williams
Real Estate Agent from San Francisco

replied 22 days ago

@Russell Brazil I'd post the Inman link but most people don't have access. Here is the original source: https://www.inman.com/2021/02/...

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Check Rosette Top Subjects:
Team, Rentals, and Real Estate Finance
  • Posts 8.1K
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Steve Vaughan
Rental Property Investor from East Wenatchee, WA

replied 22 days ago
Originally posted by @Michael C Williams :

Big development in the fight against the "cartel". Would love to hear everyone's opinion on this ruling.


http://builditconcrete.com/cou...

I thought this was the swimsuit against basically forcing the sellers that list (supposedly negotiable) to compensate any 'cooperating' buyers' representation/agent/brokerage. 

Cooperating LOL   Yeah, cooperating against you as the seller. 

We all love paying for the privilege of having someone negotiate against us, but I don't think this swimsuit holds water😎

 

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Check Rosette Top Subject:
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  • Posts 1.9K
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Scott Mac
from Austin, TX

replied 22 days ago

[from media article] "... discovering that the plaintiff’s arguments are so flawed that the case can’t be saved. ..."

Law firm spinning it's wheels in the mud for fees maybe? (Lawyer needs a new Mercedes and business was slow maybe?)

Lawyer incompetence maybe?

No real grounds for case maybe?

Who knows???

From that media statement (if it's even true) , maybe another law firm should take a look at it.....

Just my 2 cents.


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  • Posts 28
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Michael C Williams
Real Estate Agent from San Francisco

replied 21 days ago

@Steve Vaughan There are a few lawsuits filed right now against NAR and various MLS's around the country. The one you may be thinking of is the Chicago DoJ vs NAR one that was settled. But it won't be the last I'm sure.

 https://chicagoagentmagazine.c...

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