
"Unlike other commission lawsuit settlement agreements like the one negotiated by the National Association of Realtors (NAR) in the Sitzer/Burnett suit MLS PIN's original settlement did not ban offers of buyer broker compensation from the platform. In later filings in the Nosalek suit, the DOJ argued that it did not want upfront offers of buyer broker compensation displayed or shared anywhere."
"This all changed in May 2025 when the DOJ notified the court that it had officially withdrawn its objections to the settlement. The DOJ changed its tune after MLS PIN agreed to remove upfront offers of buyer broker compensation from the site, bringing its settlement in line with NAR's settlement. Additionally, MLS PIN has agreed to pay $3.95 million, the same amount it would have paid had it bought into NAR's settlement."
Judge Saris granted preliminary approval to the fourth amended settlement between MLS PIN and the home seller plaintiffs. The Department of Justice initially filed objections after an earlier September 2023 preliminary approval because MLS PIN's original settlement did not ban offers of buyer broker compensation on the platform. DOJ filings in the Nosalek suit sought removal of upfront buyer broker compensation displays. MLS PIN and the plaintiffs negotiated for nearly two years. In May 2025 the DOJ withdrew its objections after MLS PIN agreed to remove upfront offers and pay $3.95 million. Final approvals were issued, while appeals by several brokerages remain pending.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]