T
he National Association of Realtors (NAR) and several major brokerages are seeking to dismiss a class action lawsuit filed by Utah-based discount brokerage Homie. The lawsuit, which alleges anticompetitive behavior and steering, claims that NAR "controls competition" and accuses brokers of steering buyers away from listings.
Homie has accused the defendants of boycotting its listings due to low commission fees. However, in motions to dismiss filed on October 18, the defendants argued that Homie failed to show that any of the brokerages agreed to boycott its listings. Attorneys for Keller Williams also claimed that the price fixing claims are simply repackaged from earlier commissions cases.
NAR attorneys argued that Homie itself would benefit from higher commissions, stating that if the alleged practices elevated brokerage commissions, it would enable Homie to increase its own commissions or attract more clients with lower commissions. The Wasatch Front Regional Multiple Listing Service was previously dismissed from the case without prejudice.
Homie has claimed to have saved clients over $100 million in commissions and fees by offering a flat fee for home-selling services. The lawsuit is similar to allegations made by home sellers in Sitzer/Burnett and related cases, which accused brokerages of anticompetitive behavior and steering.
realestate
National Association of Realtors, Four Brokerages Seek Dismissal of Homie Lawsuit
Defendants argue lack of jurisdiction in lawsuit alleging NAR controls competition through broker steering practices.
Read More - realestate
realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
Read More - realestate
realestate
Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
Read More
realestate
Solana (SOL) Real Estate Trading Token's Volatility After Coinbase Listing
Decentralized real estate platform on Solana sees price fluctuation post-Coinbase support