Real Estate Trade Group ‘Unfair Rules’ Lands Them in Hot Water – a Class Action Extravaganza!
Here’s What You Need to Know:
- Joseph Masiello and Robert Friedman aren’t here to play games. They’ve filed class-action lawsuits against a nation-wide trade group, stating that the rules defining compensation for buyer brokers are, to put it mildly, BS.
- Both Masiello and Friedman are sellers who’re chafing under the rules of the trade group which demand they offer specific compensation to buyer brokers. Apparently, they’re not fans of unwarranted generosity.
- However, it’s not just Masiello and Friedman waving the grievance flag. This is becoming a nationwide chorus, a symphony of discontent, if you will, as other sellers join in with their own lawsuits against the trade rules.
- The unhappy sellers – and I’m sure they’re not hosting any fun Open House parties – maintain the trade group rules unduly favour buyer brokers with no consideration given to the actual value of their services. Ouch.
Hot Take Time:
Yikes! Trade rules are turning into trade blues! Seems like the nationwide trade group really dropped the ball on this – they’ve literally rallied sellers into litigation. Not the kind of action they’d hoped for, I bet.
Let’s start a proper conversation about who deserves what. After all, the real estate market is already playing a cruel game of Musical Chairs with supply and demand. The last thing we need is its key players staging a re-enactment of The Hunger Games instead!
So here’s hoping Masiello and Friedman’s class-action lawsuit brings some much-needed change to the playing field. A field which, let’s face it, has been less ‘fair trade’ and more ‘flair for the dramatic’ of late. Until then, my friends, keep your property boards close, and your lawyers closer!
Original article: https://www.inman.com/2024/01/11/latest-homeseller-suits-in-arizona-new-york-target-commission-rules/
