MLS PIN settlement approved by judge after initial concerns
The $3 million settlement in the buyer-broker commissions lawsuit will now move forward following updates to the terms of the agreement.
September 12, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Home price growth picked up this summerCoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.September 12, 2023
- Are more settlements coming in the commission lawsuits?As the industry digests Anywhere’s decision to settle the Moehrl and Sitzer/Burnett cases, more such deals, and policy changes, emerge as likely outcomes.September 7, 2023
- Settle the commissions lawsuits? NAR says noAfter a major real estate company reached a settlement in the Moehrl and Sitzer/Burnett cases, NAR said its commitment to defend itself remains unchanged.September 5, 2023
- Anywhere reaches settlements in landmark commission lawsuitsThe company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.Updated September 19, 2023
- Transformative changes are coming, says retiring MLS leaderNWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.”September 2, 2023
- ICE, Black Knight merger on track to close next weekFollowing an FTC settlement in which Black Knight agreed to sell off a portion of its company, the deal is set to close on Sept. 5.September 1, 2023
- NAR stands with CEO amid turmoilNAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.August 31, 2023
- Mortgage rates level off but remain above 7%The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.August 31, 2023
- Buyers will drop agents who aren't showing their valueA survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.August 31, 2023
- Pending home sales up for a second month but still sluggishPending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.August 30, 2023
- High home prices in June foretold a tough summer for buyersThe latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.August 29, 2023
- NAR president resigns in the wake of sexual harassment allegationsJust two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.Updated August 28, 2023
- Allegations paint picture of sexual harassment, ‘culture of fear’ at NARA New York Times article details complaints from women about NAR and its president's “predatory” behavior.August 26, 2023
- Zillow acquiring title company after shuttering closing divisionThe purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.August 25, 2023
- Mortgage rates surge to new heightsFor the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.August 24, 2023
- New home sales still hot, but will fall bring a chill?New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.August 23, 2023
- MLSs are coming back online after 2 weeks in the darkRapattoni is gradually restoring service following a cyberattack that shut down the MLS service provider on Aug. 9.August 22, 2023
- KW to slash profit sharing for former agentsStarting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.August 22, 2023
- RE/MAX to reduce workforce by 7%In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.”August 21, 2023
