by Mike Murphy | Feb 11, 2025 | Legal Issues, News
The recent Sitzer/Burnett v. National Association of Realtors (NAR) case in the U.S. has forced significant changes in how buyer agents receive commissions. NAR settled the case to avoid an “existential” financial threat (more than $5-billion), agreeing to remove...
by Emma Caplan-Fisher | Jan 9, 2025 | News
As the real estate industry gets more competitive and the market more restrictive, some brokerages are offering clients reduced, flat-fee commissions or cash-back up front as financial assistance. While not a new business model, amid the National Association of...
by Emma Caplan-Fisher | Jun 28, 2024 | News
Editor’s note: REM reached out to MREB for more information on the SGM and outcome. We’ll update this article as we hear back and learn more. On January 31 this year, Mississauga Real Estate Board (MREB) members voted to amalgamate with the Realtors...
by Emma Caplan-Fisher | Jun 15, 2024 | News
Editor’s note: On June 14, 2024, REM received the following information from Tehreem Kamal: “More than 10 per cent of MREB’s members have signed a petition for an SGM to be called to rescind the vote to amalgamate with WRAR, RAHB and SDREB. MREB is...
by Natalka Falcomer | Apr 2, 2024 | Legal Issues, News
In a landmark development, the National Association of Realtors (NAR) recently settled a series of commission lawsuits, agreeing to pay $418 million USD in damages and pledging to overhaul its rules regarding real estate agent commissions. This settlement, prompted by...
