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On the lookout for a fast catch-up on the buzziest tales of the week? Right here’s Inman High 5, essentially the most important tales, based on Inman readers.
And don’t miss The Obtain, our weekly column that breaks down one of many high tales of the week and equips you with what you’ll want to satisfy subsequent Monday head-on.
In a telephone interview, lead plaintiffs’ counsel Michael Ketchmark weighed in on the implications of violating the NAR settlement, Zillow’s enterprise mannequin, and the “monster case” that is still.
Doug Miller of Shopper Advocates in American Actual Property, the initiator behind the primary bombshell antitrust lawsuit, sounds alarm towards Realtor speaking factors that “continue steering.”
Now that the “New Normal” has formally begun, it’s time to reply the incessantly requested questions brokers and brokerages have concerning the newly applied fee settlement rule modifications.
Homie
The go well with accuses NAR and main franchisors of breaking antitrust legal guidelines. The corporate’s grievance contains alleged textual content messages through which brokers refused to point out Homie listings.
From left: Marc Seltzer, Steve Berman, Michael Ketchmark, Brandon Boulware, Eric Dirks and Robert Braun
In a submitting outlining prices and bills, plaintiffs’ lawyer Michael Ketchmark estimates he has spent 7,000 hours on Gibson and different fee fits for work totaling $10.1 million since 2019.
