The ongoing settlement negotiations between MLS PIN and the Nosalek plaintiffs have undergone significant changes, influenced by the DOJ's previous concerns regarding buyer broker compensation. After 20 months of deliberation, the DOJ has officially withdrawn its objections upon MLS PIN's agreement to eliminate upfront compensation offers from its platform. This change aligns their settlement with a similar agreement made by the National Association of Realtors (NAR). Despite the progress, Judge Saris remains cautious, acknowledging potential objections ahead of the final approval hearing set for September 29th.
"MLS PIN has agreed to remove upfront offers of buyer broker compensation from the site, bringing its settlement in line with NAR's settlement."
"Saris expressed her skepticism that the settlement would ever reach this stage, mentioning several objections received during the process."
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