Everyone — from Michael Ketchmark to the consumer advocates behind Moehrl — is letting agents know that they’re under scrutiny as they implement the new rules of buyer agreement and (not) commission-sharing.
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Each week on The Download, Inman’s Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: Everyone — from Michael Ketchmark to the consumer advocates behind Moehrl — is letting agents know that they’re under scrutiny as they implement the new rules of buyer agreement and (not) commission-sharing.
One of the big frustrations for agents and brokers coming from both the industry’s recent commission-related lawsuits and their subsequent settlements has been the jury-validated assertion of a vast real estate conspiracy when it comes to commissions. Imagine, then, what industry watchdogs make of conversations and planning that seem to suggest some Realtors are still planning to find ways to share commission-related information.
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We already know that the National Association of Realtors’ President Kevin Sears is aware of Department of Justice scrutiny on this issue. This week, we heard even more, including a two-part interview with Doug Miller and Wendy Gilch of the Consumer Advocates in American Real Estate, the watchdog that brought Gibson, the first of the so-called “bombshell” antitrust lawsuits, and a word of warning from the lead Sitzer-Burnett attorney.
In a phone interview, lead Sitzer | Burnett plaintiffs’ counsel Michael Ketchmark weighed in on the consequences of violating the NAR…