According to the filing, Mullis believes that the disclosure in the settlement does not address “claims by class members to recover damages in separate transactions involving the purchase of a home.” Although Mullis notes that the settlement parties have acknowledged that “homebuyer damages claims do not arise out of or relate to the factual basis […]
“This case provides another opportunity for a court to review allegedly anticompetitive agreements that taint the real estate industry,” the filing said. During the first eleven months of this second Trump administration, it appeared that the DOJ was loosening its oversight of the real estate industry and the National Association of Real Estate Agents (NAR), […]
According to the order, the court finds the settlements ‘honest, reasonable and adequate’ and that they ‘were negotiated on arm length by experienced council that acted in good faith, also in various cases, mediation with a nationally recognized and very experienced mediator’. The order also notes that there are “sufficient opportunities for discovery for experienced […]
The blockbuster announcement has fueled a lot of speculation in the broker world. But for Hoby Hanna, CEO of Hanna HoldingsThe news feels familiar. “Growing up in this industry, in a family business – from placing signs in the ground and cleaning offices to manager and now run organizations – I have watched this film […]