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Cochran told Yahoo! She doesn’t think the impact of the settlement will be as earth-shattering as many imagine, but “the disruption it creates is staggering.”
The antitrust case against homebuyer and seller Wang Haozhe accuses the MLS of illegally tying brokerage services.
Some believe the National Association of Realtors’ $418 million settlement will prompt more homebuyers to proceed without an agent. Inman asked industry professionals how they would handle the situation.
The Council of Multiple Listing Services, a trade group of about 225 MLSs, co-authored an amicus brief with Northwest MLS on Wednesday exposing alleged flaws in the DOJ’s statement of interest.
One unintended consequence of the changes to the MLS following the NAR settlement is that the dynamics of real estate transactions are difficult for the individuals (buyers and sellers) they are supposed to serve, CEO Sean Frank writes Talk about becoming less transparent.
