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In a telephone interview, lead plaintiffs’ counsel Michael Ketchmark weighed in on the results of violating the NAR settlement, Zillow’s enterprise mannequin, and the “monster case” that continues to be.
Doug Miller of Client Advocates in American Actual Property, the initiator behind the primary bombshell antitrust lawsuit, sounds alarm towards Realtor speaking factors that “continue steering.”
Now that the “New Normal” has formally begun, it’s time to reply the continuously requested questions brokers and brokerages have concerning the newly applied fee settlement rule adjustments.
Homie
The swimsuit accuses NAR and main franchisors of breaking antitrust legal guidelines. The corporate’s criticism consists of alleged textual content messages by which brokers refused to indicate Homie listings.
From left: Marc Seltzer, Steve Berman, Michael Ketchmark, Brandon Boulware, Eric Dirks and Robert Braun
In a submitting outlining prices and bills, plaintiffs’ lawyer Michael Ketchmark estimates he has spent 7,000 hours on Gibson and different fee fits for work totaling $10.1 million since 2019.
