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2 days ago · On March 15, 2024, NAR announced a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. As a result, among other things, NAR agreed to adopt a new rule prohibiting offers of compensation in the MLS.
Mar 15, 2024 · The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
Mar 26, 2024 · How does this settlement change NAR’s value proposition? Why should real estate professionals continue to be NAR members after this news? • We are confident that this agreement provides a path for NAR to move forward and continue our work to preserve, protect, and advance the right to real property for all.
Mar 15, 2024 · A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has...
Mar 15, 2024 · The National Association of Realtors has agreed to settle litigation that accused the real estate group of artificially inflating real estate commissions - a blockbuster decision that could...
Apr 25, 2024 · Starting in July, the real estate industry is bracing for a sweeping shake-up thanks to a $418 million settlement offered by the National Association of Realtors to overhaul its long-entrenched...
People also ask
Will a $418 million settlement push real estate brokers out of business?
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Why did Nar settle this lawsuit?
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What will happen if a 6% settlement is approved?
Mar 16, 2024 · In a sweeping move expected to dramatically reduce the cost of buying and selling a home, the National Association of Realtors announced Friday a settlement with groups of homesellers, agreeing...
