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National Association of Realtors

Compass taps former NAR settlement attorney Ethan Glass as chief legal officer

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Compass has appointed Ethan Glass as its new chief legal officer. Glass — a veteran antitrust lawyer — previously led the global antitrust and competition practice at Cooley LLP and directed U.S. Department of Justice teams that investigated and sued multiple listing service (MLS) organizations over anticompetitive conduct. “I’m honored to join Compass, a company […]

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MLS PIN settlement business practice changes go into effect Tuesday

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Subscribers to the New England-based MLS Property Information Network (MLS PIN) are gearing up for some business practice changes, which are set to go into effect on Tuesday.  The changes are the results of MLS PIN’s long-awaited settlement agreement in the Nosalek commission lawsuit. The MLS defendant’s fourth amended settlement agreement was granted preliminary approval

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Pending home sales show slight annual gain in July

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Homebuyers remained hesitant in July, despite the slight decrease in mortgage rates and uptick in inventory, according to the National Association of Realtors’ (NAR) Pending Home Sales Index released Thursday.  Nationwide, the index fell to a value of 71.7, down 0.4% from June. On an annual basis, however, pending home sales were up 0.7%.  An

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Is the real estate industry getting its antitrust enforcement wish? 

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Many in the real estate industry lauded President Donald Trump’s victory in the 2024 presidential election as they anticipated his win would usher in a new wave of weaker antitrust scrutiny on an industry that had spent the past four years battling its fair share of antitrust suits.  However, these hopes and dreams were put

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Former DOJ official blames lobbyist for weaker antitrust scrutiny

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Roger Alford’s time at the Department of Justice (DOJ) may have been brief — much to the relief of the real estate industry — but that doesn’t mean he doesn’t have thoughts on his time there.  Alford, a law professor at Notre Dame who served as an expert witness testifying against the real estate industry

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Existing home sales surprise with positive growth in July

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Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker, we’ve noted that year-over-year data should turn positive

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NAR faces new antitrust suit over alleged steering

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A broker in Florida is suing the National Association of Realtors (NAR), along with state and local associations and MLSs, for alleged antitrust violations and steering homebuyers into using buyer’s agents.  Filed late last week by Jorge A. Zea in the U.S. District Court for the Southern District of Florida’s West Palm Beach Division, the

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NAR faces appeal of Eytalis antitrust suit

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The National Association of Realtors (NAR) must face yet another appeal of a suit it was dismissed from earlier this summer. On Monday, plaintiff Luz de Amor Eytalis filed an appeal of the dismissal of her lawsuit against NAR, Paragon MLS Connect, Wichita Falls Association of Realtors and Texas Association of Realtors.  The lawsuit, which

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Redfin: A year after the NAR settlement, agent commissions are up

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As the one-year anniversary of the implementation of the business practice changes stemming from the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement approaches, Redfin is reporting that buyer agent commissions are higher than they were a year ago. According to Redfin’s analysis published Tuesday, during the second quarter of 2025, the average

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The big question: Have agent commissions changed since the settlement?

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The headlines were predicting massive declines in real estate agent commissions — some even expected home prices to fall as a result, but a year after the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement went into effect the data is painting a different picture.  Prior to September 30, 2024, a little over

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