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In a phone interview, lead plaintiffs’ attorney Michael Ketchmark weighed in on the consequences of violating the NAR settlement agreement, Zillow’s business model and what remains of a “monster case.”
Doug Miller of Consumer Advocates for Real Estate, the group behind the first of the explosive antitrust lawsuits, warned that real estate agents “continue to pivot.”
Now that the “new normal” has officially begun, it’s time to answer frequently asked questions from agents and brokers about the newly implemented changes to commission settlement rules.
Homi
The lawsuit accuses NAR and the master franchisor of violating antitrust laws. The company’s complaints include alleged agents refusing to display text messages from Homie listings.
From left to right: Marc Seltzer, Steve Berman, Michael Ketchmark, Brandon Boulware, Eric Dirks and Robert Braun
In a filing outlining costs and fees, plaintiffs’ attorney Michael Ketchmark estimated that he has spent 7,000 hours on Gibson and other commission lawsuits since 2019, totaling $10.1 million in work.
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