Gibson suit plaintiffs can notify MLSs about settlement data duties

2 days ago 13

The Gibson home seller commission lawsuit plaintiffs have been authorized to send a notice to all of the MLSs that opted into the National Association of Realtors’ (NAR) commission lawsuit settlement reminding them of their responsibilities in the settlement. This comes after Judge Stephen Bough, who oversaw the Gibson suit and the Sitzer/Burnett lawsuit, granted a motion in late July. In the motion, the plaintiffs asked the court to enforce a provision of the settlement requiring the MLSs that opted into the settlement to allow the plaintiffs to collect their real estate listing and commission data. The motion came after third-party data provider Financial Business Systems (FBS), which supports MLS software platform Flexmls, refused to hand over data. According to the motion, FBS is claiming that it needs explicit permission from each MLS to hand over the data. The plaintiffs claim that FBS will not tell them which specific MLSs are refusing to give FBS the permission to do so. In order to enforce this provision, Judge Bough approved the plaintiffs’ plan to send a notice to all of the MLSs that opted into the settlement reminding them that they already agreed to share this data by...

Read Entire Article