NAR’s top lawyer weighs in on association director conflicts

As the board of directors of the National Association of Realtors gears up to vote on proposed dues increases, the trade group’s chief attorney reminded its members who the directors owe fiduciary duty to: NAR.

The government wants to know what’s up with real estate pocket listings

Pocket listings and state regulations regarding dual agency and minimum service requirements may be on the agenda at the real estate competition workshop to be held by Department of Justice and the Federal Trade Commission on June 5.

Redfin clashes with think tank on MLS antitrust

What would happen if the government mandated that real estate brokers make all their listings accessible publicly to everyone online, free-of-charge? It would result in “a tragedy of the commons,” argues Redfin…

Brokerage punished with $5M verdict in agent poaching case

Competition for agents, especially top producers, is par for the course among real estate brokerages. But a jury has found that one prominent firm crossed the line — and is making the firm pay dearly for it …

Justices grill Coldwell Banker on dual agent role

The seven justices of the California Supreme Court heard oral arguments yesterday in a dual agency lawsuit that could change how the state’s agents and brokers do their jobs when participating in in-house deals. The suit was filed in 2010 by …

Dual agency case heads to California’s highest court

If a buyer and seller in a real estate transaction are each represented by separate agents from the same brokerage, do those agents owe a fiduciary duty to both buyer and seller? The California Supreme Court may soon decide that question for the more t…

Legal spat over sale of mansion could greatly expand definition of ‘dual agency’ in California

A dispute over the sale of a $12.25 million mansion that allegedly turned out to be smaller than advertised could end up greatly expanding the definition of what constitutes “dual agency” in California, and make brokerages more skittish about having …