Quote:
Originally Posted by frayedends
Yes yes we know. You state this in every real estate thread and it has nothing to do with what we were discussing. The point we are discussing is that the NAR lawsuit doesn’t apply to VLS because they aren’t part of NAR and also don’t cooperate with MLS buyers agents. The fact some sellers do offer to pay buyers agents through their MLS listing agent has zero to do with the fact you would never pay them.
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As a legal matter, I believe that is untrue.
The FTC decision on Commissions, apply to every real estate Broker, regardless of their affiliation. As a practical matter, it doesn't have any impact on VLS Agents, because (I believe) all the "Agents" are working for a single Broker. The Broker of Record for VLS was H. Gary Morse, I suspect it's now Jennifer Parr.
As for the FTC decision on "Non-Compete" agreements took effect on 9/24/24. The Villages sued the FTC and got a Federal Court Judge in FL, to grant The Villages a Limited Injunction, which prohibits the FTC from enforcing their position on Non-Compete Agreements.