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Top related persons:
Stephen Bough - 2 Matt Hanley - 1 ” Hanley - 1 “ I’m - 1 Michael Reynolds - 1
Top related locs:
United States Missouri Minnesota Washington In Missouri U.S
Top related orgs:
CNN - 1 National Association of Realtors - 1 NAR - 1 homebuyers - 1 Realtors - 1 ” - 1 District - 1

Search resuls for: "Stephen Bough"


2 mentions found


☆ Judge approves NAR settlement on broker commissions
  + stars: | 2024-04-24 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +2 min
On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a Missouri court. Housing experts say the settlement may effectively demolish the current real estate business model. Under the terms of settlement, which was announced in March, sellers’ agents will no longer be required to offer commissions to buyers’ agents. While the settlement does not explicitly spell the end of the traditional 6% commission, split between the seller’s agent and the buyer’s agent, commissions are expected to fall because they will become competitive and negotiable. If sellers are no longer paying buyers’ agents, homebuyers may be on the hook to pay their broker directly.
Persons: Stephen Bough, Matt Hanley, ” Hanley, “ I’m Organizations: CNN, National Association of Realtors, NAR, homebuyers Locations: United States, Missouri, Minnesota
☆ A Threat to the American Way of Real Estate
  + stars: | 2023-12-01 | by ( ) www.wsj.com   time to read: +1 min
A sign advertises a home for sale in Washington, Aug. 23. Photo: Michael Reynolds/Zuma PressRecent antitrust developments and potential regulatory changes could reshape the U.S. real-estate landscape, making the American dream a potential nightmare (“A Big Legal Defeat for the Realtors,” Review & Outlook, Nov. 1). In Missouri, U.S. District Judge Stephen Bough found that settlements in the first of numerous antitrust class actions are “fair, reasonable and adequate.” We agree, and we welcome improvements that enhance commission transparency, ensure an open marketplace and maintain a framework that ensures agents are representing the interests of both the seller and the buyer. Overreach beyond these rules—as contemplated in some quarters—may jeopardize one of the pillars of fair transactions: buyer agency. This risks leaving the next wave of home buyers navigating the financial decision of a lifetime without professional support.
Persons: Michael Reynolds, Stephen Bough Organizations: Realtors, ”, District Locations: Washington, In Missouri, U.S
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