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Landmark Ruling May Alter Real Estate Industry

A class-action court ruling on Halloween, stemming from an antitrust trial in Kansas City, Mo., is the talk of the town among real estate professionals here. A federal jury found that the National Association of Realtors and multiple large brokerage firms had “conspired to artificially inflate the commissions paid to real estate agents,” The New York Times reported that day, calling it “a decision that could radically alter the home-buying process in the United States.”

Parsons Wore Many Hats

Randy Parsons was first elected to the East Hampton Town Board in 1979, when the population of East Hampton was only 14,000; he will be leaving the planning board, on which he has served for the last seven years, on Dec. 31, and when he leaves, a great deal of institutional knowledge leaves with him.