As of August 17, 2024, Realtors are no longer allowed to share information about what commission is being offered to buyer’s agents through the Multiple Listing Service. A court order from a class action lawsuit in Missouri abolished the sharing of real estate agent fees through the Multiple Listing Service. This change was meant to
What is Happening with Those Lawsuits? I am getting asked about this from clients, want-to-be clients, and friends at social occasions. For those who don’t know about these lawsuits, there was a verdict in October in a Missouri court that went against the National Association of Realtors® (NAR) and some big real estate companies. Then,
Good information helps buyers make informed decisions. Widely available information levels the playing field, so that all buyers have access to the vast majority of properties for sale. Recent lawsuits against Multiple Listing Systems and large real estate companies threaten to harm potential home buyers by expecting them to pay for their representation as well