According to a regulatory filing yesterday, Real’s bid to purchase REMAX for $880 million is moving forward—as far as the Department of Justice (DOJ) is concerned—with a waiting period created to allow antitrust review of big corporate mergers passing today. In the statement filed with the Securities and Exchange Commission (SEC), Real said that the…
Above, Jessica Edgerton (courtesy of CMLS) Amid a fundamental reorganizing of the MLS space, the Council of Multiple Listing Services (CMLS) announced that Jessica Edgerton, a lawyer who previously served in high-profile leadership roles at Leading Real Estate Companies of the World® (LeadingRE) and as a lawyer for the National Association of Realtors® (NAR) will…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Trump’s DOJ outlines stance in new intervention in buyer case After months of silence—and some indications that it was backing off its most aggressive positions—the Department of Justice (DOJ) under President Donald Trump…
After months of silence—and some indications that it was backing off its most aggressive positions—the Department of Justice (DOJ) under President Donald Trump is again addressing what it describes as “anticompetitive rules, policies and practices in the residential real-estate industry” as it intervened in yet another commission case last week. In a 23-page “statement of…