Real Estate Consumers HAVE No Rights. Especially when you Use an NAR member as the Forms are Designed to Protect Realtors and NOT Consumers.

This article, this lawsuit is true.  The MLS, Brokers, Franchise do discriminate against brokers that charge less commission.  I was boycotted in my first year for charging 5% commission.  The real estate industry is set up to prey on real estate consumers.  Your real estate listing is content for NAR and their website so they can place ads and sell ad space.  NAR.com is owned in part by the same company that owns Cendant, Sotheby's, Coldwell Banker, Century and ERA.

Do NOT Use a Realtor in your Real Estate Transaction.  The E and O insurance is to protect the Realtor, the "Forms" are to protect the Realtor and the Real Estate Consumer has no rights. '

This class action lawsuit is what happens in many MLS's and I would even dare to say all MLS's, I have been in many of them and been boycotted for charging less money and giving Buyer and Seller Rebates.

"Pennsylvania homeowner Thomas Logue filed a class action lawsuit in April 2010, alleging that a group of real estate brokerages and a local MLS (and its board of directors) conspired to keep broker commissions artificially high by limiting competition among companies, according to court documents. The area real estate companies stifled competition by keeping some rival businesses from effectively marketing properties, blocking discount brokers from listing in the MLS, alleges the suit, which Logue’s attorneys say caused him to pay more than was necessary to list his home in 2006.

This summer, a motion for preliminary approval of a settlement in the case was approved by the judge after denying a motion to dismiss by the defendants, laying the ground for this week’s approval of a settlement in the amount of $2.4 million, of which Logue’s attorneys will receive $1 million and Logue will receive $10,000. Court documents do not reveal the number of buyers that will split the remaining $1.39 million.

Logue filed the lawsuit against West Penn Multilist Inc., Howard Hanna Real Estate, Coldwell Banker Real Estate, Freeman Realty, Northwood Realty and Prudential Preferred Realty regarding purchases through these companies between February 13, 2005 and February 13, 2009.

Anti-trust laws were established in the 1800s to protect consumers from cartels and monopolies, which this case showed was in play on the Pennsylvania real estate scene. MLS companies have long struggled with business rules that dictate what is legitimate and what is not, and in this case, the judge agreed to this $2.4 million settlement alleging the brokerages and the MLS, along with their board of directors blocked discount brokerages.

Source and Full Article

http://agbeat.com/real-estate-sales-marketing/public-relations/2-4-million-class-action-lawsuit-mls-brokers-blocked-discounters/

The National Association of Realtors violates anti-trust laws every single day, and NAR Lobby money protects the Rights of Realtors and NOT the rights of the real estate consumer. 

For more on my take on the Real Estate Industry,
as a Real Estate Industry Insider and Whistleblower
http://www.realestateindustrywhistleblower.com/

http://www.youtube.com/user/RealEstateConfession

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the Real Price of a Lawsuit

the Realtors Win, their E and O insurance Protects them FROM you.. You Lose. It does not matter how much proof you have against the Realtor the system is in place to protect the Realtor, Why, they are Billionairs and they Lobby Government Agencies and Law makes to create laws - to make it so that REALTOR - NAR is so big no one can touch them.

Consumer spend years fighting for the Justice that is Rightfully theirs. And though the Realtor really did hurt the consumer, waste years of their life, take away their assets and cause Emotional, Physical and Financial Damage ~ the Realtor gets away with it. NAR does nothing to help the real estate consumer. Though NAR pretends that this is their whole purpose for existing.. Again.. Flat Out Lie.

After Fighting for Years, whether the Consumer that was wronged wins or not People Get Frustrated, they get tired and after years of fighting against the REALTORS and of course, Losing, they just want their life back so the stories go away.. I am Dedicated to the Stories of Realtors hurting the Real Estate Consumer Staying Alive.

My other Blogs are www.CrystalLCox.com www.BrokersAdvice.net .

The answer that NAR - and the Laws they push for have is to SHUT the Consumer up, to make it so their frivolous lawsuits are Stopped by law, and to continue to strive to make it harder for the Real Estate Consumer to get any Kind of Justice from the Realtors that harm them. The E and O insurance of the Realtors is a Very Big Part of this.

This is insurance is to get rid of those darn frivalous lawsuits that consumers have and to Defend the Realtor. It is in NO WAY the Intention of the Real Estate E and O insurance to Protect the Real Estate Consumer. Yet Oddly Enough, and in complete shocking wonderment, E and O insurance is Mandatory By Some State Realty Commissions - Regulations. Do they think that this insurance is to Protect the Public or do they believe that the public is simply liying about the Realtor for Self Gain.

Though What I see is People simply want justice in these situations where it is VERY obvious and easily provable that the Realtor harmed the Consumer yet the Realtor Pays Nothing and is Free to do Damage to the Next Consumer.

Post on this Blog, Email your Story or Videos to Crystal@SavvyBroker.com , Video tape the lies and fraudulant acts of your Realtor and send them to me. No One is Really Listening to you. No One is Really Protecting you, the Best thing to do is to Expose the Realtors that are harming you.

If these Realtors were MADE to be accountable for their actions, the Good Realtors and their are some out there - they would be able to do their jobs for your best interest. But as the system stands now it is impossible for an Honest Realtor to Protect you in the Current Real Estate Industry Climate.

The Real Price of a Lawsuit is Your Life, your every waking moment, your sleepless nites, your life in shambles and the kick in the head while your already down with No Justice against the Realtor that Lied to You and is allowed to keep on making money Hand over Fist while you wait years for a "settlement" or for a judge and/or jury to have mercy on you.. the REALTOR wins no matter how you look at it...

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