{"id":22855,"date":"2023-10-24T14:25:30","date_gmt":"2023-10-24T14:25:30","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=22855"},"modified":"2023-10-24T14:25:31","modified_gmt":"2023-10-24T14:25:31","slug":"next-steps-in-class-action-suit-over-buyers-rep-compensation","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/next-steps-in-class-action-suit-over-buyers-rep-compensation\/","title":{"rendered":"Next Steps in Class-Action Suit Over Buyer\u2019s Rep Compensation"},"content":{"rendered":"\n<p>Three years ago, in March 2019, the National Association of REALTORS\u00ae and four corporate defendants were sued in class-action lawsuits filed in Missouri and Illinois alleging that home sellers have been damaged because their listing broker compensates the buyer\u2019s representative. These lawsuits claim that various NAR rules and members\u2019 adherence to those rules have led to artificially fixed and inflated commissions being paid to real estate professionals.<\/p>\n\n\n\n<p>Class-action litigation is long and arduous, and NAR has been keeping you and your associations updated on relevant milestones as they have transpired over the years. NAR has also been asking you to do what you can to help the association prevail in the court of public opinion. Now it is time for another update and another ask.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">The Update<\/h4>\n\n\n\n<p>Last Friday, a federal judge in Missouri granted class certification. This is not a victory for the plaintiffs and does not change the facts of the case. The ruling was only procedural and now allows others who have allegedly been impacted to join the litigation as plaintiffs. The process is expected to be lengthy before the case is fully resolved.<\/p>\n\n\n\n<p>NAR is extremely disappointed in the decision, believes it was wrongly decided, and plans to appeal. NAR continues to believe the pro-competitive, pro-consumer local broker marketplaces serve the best interests of buyers and sellers. Sellers making offers of compensation to buyer brokers also gives all home buyers a better shot at affording a home and professional representation. It\u2019s only the free market that organically establishes commission costs within local real estate markets based on service, consumer preference, and what the market can bear.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">The Ask<\/h4>\n\n\n\n<p>This decision does not require any action or comments on the part of members; NAR will keep you informed of any notable litigation milestones. But there is something you can do to help the association prevail in the court of public opinion. Please review the new <a href=\"https:\/\/www.nar.realtor\/competition-in-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">competition.realtor<\/a> website, which provides a comprehensive overview of how REALTORS\u00ae and the local MLS broker marketplaces benefit consumers.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use this information to tell your customers the value you bring to the transaction, what they can expect from your services, and how you will be compensated.<\/li>\n\n\n\n<li>Use this information to start an education campaign or publish articles (like <a href=\"https:\/\/www.nar.realtor\/newsroom\/op-eds-and-letters-to-the-editor\/real-estate-agent-commission-structure-benefits-everyday-americans\" target=\"_blank\" rel=\"noreferrer noopener\">this one<\/a>) in your local media outlets.<\/li>\n\n\n\n<li>Use this information to show why the American real estate system that honors cooperation amongst professionals serves the best interest of home buyers and sellers alike.<\/li>\n<\/ul>\n\n\n\n<p>The page will continually be updated with new developments, information, and materials, so we want members to consider it their go-to resource. In addition, we highly encourage the continued use of <a href=\"https:\/\/homebuying.realtor\/home-buying\/getting-started\/buyer-representation-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">Buyer Representation Agreements(link is external)<\/a> in order to formalize your professional working relationship with clients as well as detail what services consumers are entitled to and what the buyer agent expects from their client in return.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">In Other Antitrust Litigation News<\/h4>\n\n\n\n<p>NAR received a disappointing opinion this week from the 9th Circuit Court of Appeals reversing a lower court&#8217;s decision granting our motion to dismiss a lawsuit challenging the Clear Cooperation Policy. This too only addresses a procedural issue in the litigation and does not address the merits of the underlying challenge. While we are disappointed in this decision, we will continue to defend the lawsuit, as we firmly believe that the Clear Cooperation Policy advances equal opportunity in housing by ensuring listings are widely available and accessible to all. Without the protections from the CCP, consumers would be disadvantaged because agents could refuse to give them or their representatives access to those listings. We look forward to the next stage of this case, in which we will show the CCP is pro-competitive, pro-consumer, and consistent with all laws and regulations.<\/p>\n\n\n\n<p>It&#8217;s been quite a week in litigation to be sure. As we look forward to the future, let us remember to take time each day to tell the world <a href=\"https:\/\/www.nar.realtor\/thats-who-we-r\" target=\"_blank\" rel=\"noreferrer noopener\">who we are<\/a>.<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three years ago, in March 2019, the National Association of REALTORS\u00ae and four corporate defendants were sued in class-action lawsuits filed in Missouri and Illinois alleging that home sellers have been damaged because their listing broker compensates the buyer\u2019s representative. These lawsuits claim that various NAR rules and members\u2019 adherence to those rules have led &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/next-steps-in-class-action-suit-over-buyers-rep-compensation\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-22855","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Next Steps in Class-Action Suit Over Buyer\u2019s Rep Compensation - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/next-steps-in-class-action-suit-over-buyers-rep-compensation\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/next-steps-in-class-action-suit-over-buyers-rep-compensation\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/next-steps-in-class-action-suit-over-buyers-rep-compensation\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Next Steps in Class-Action Suit Over Buyer\u2019s Rep Compensation\",\"datePublished\":\"2023-10-24T14:25:30+00:00\",\"dateModified\":\"2023-10-24T14:25:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/next-steps-in-class-action-suit-over-buyers-rep-compensation\\\/\"},\"wordCount\":674,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/next-steps-in-class-action-suit-over-buyers-rep-compensation\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/next-steps-in-class-action-suit-over-buyers-rep-compensation\\\/\",\"name\":\"Next Steps in Class-Action Suit Over Buyer\u2019s Rep Compensation - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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