Quote:
Originally Posted by BrianL99
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.
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I'm not sure what that really means in regards to the lawsuit. The lawsuit was against NAR, which the VLS agents are not part of and VLS agents don't pay out to MLS (NAR) agents. They won't even show houses to MLS agents. Whatever they do with commissions internally from VLS to VLS agent is not really relevant. But I may be misunderstanding the FTC info you posted as how it relates.