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1. • • A spokesperson for NAR said the organization settled to avoid the typically years-long appeals process and the cost of continuing in the court system — and the specifics of the trade group’s settlement deal show it’s getting out for a fraction of the cost of litigating the appeal.
     therealdeal.com/national/2024/03/19/heres-why-nar-settled-broker-commission-lawsuits/

     Here’s why NAR settled the commission lawsuits - The Real Deal

2. People also ask

   Why did Nar settle this lawsuit?

   • “NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers,” said Nykia Wright, interim CEO of NAR, in a statement. “It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals.”

   The 6% commission on buying or selling a home is gone after ... - CNN

   www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html

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   Is the NAR settlement over?

   • It’s far from over.” But the organization reversed course last week with a proposed settlement. Under the terms, which are pending court approval, NAR agreed to pay $418 million over four years and change the commission-sharing rule central to the litigation.

   Here’s why NAR settled the commission lawsuits - The Real Deal

   therealdeal.com/national/2024/03/19/heres-why-nar-settled-broker-commission-lawsuits/

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   Why did Nar settle?

   • A spokesperson for NAR said the organization settled to avoid the typically years-long appeals process and the cost of continuing in the court system — and the specifics of the trade group’s settlement deal show it’s getting out for a fraction of the cost of litigating the appeal.

   Here’s why NAR settled the commission lawsuits - The Real Deal

   therealdeal.com/national/2024/03/19/heres-why-nar-settled-broker-commission-lawsuits/

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   How much did Nar pay to settle a home sale lawsuit?

   • The trade group agreed to pay $418 million in damages to settle the lawsuits brought by homesellers, according to a press release published Friday. In the deal, which is pending court approval, NAR also agreed to repeal the commission-sharing policy at the heart of the litigation.

   Here’s What NAR’s Landmark Commissions Settlement Means - The Rea…

   therealdeal.com/national/2024/03/15/heres-what-nars-landmark-commissions-settlement-means/

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   Is Nar correcting inaccurate reporting about the settlement?

   • NAR is continuing to engage with media to correct inaccurate reporting about the settlement. Members are also encouraged to refer to official NAR sources, like facts.realtor, for the most accurate and up-to-date information about the settlement and what it means for consumers.

   The Truth About the NAR Settlement Agreement - National Association …

   www.nar.realtor/magazine/real-estate-news/law-and-ethics/the-truth-about-the-nar-settlement-agreement

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   Is the NAR settlement worth the cost?

   • “NAR exists to serve our members and American consumers, and while the settlement comes at a significant cost, we believe the benefits it will provide to our industry are worth that cost,” NAR President Kevin Sears said in a statement. “NAR is focused firmly on the future and on leading this industry forward.

   The Truth About the NAR Settlement Agreement - National Association …

   www.nar.realtor/magazine/real-estate-news/law-and-ethics/the-truth-about-the-nar-settlement-agreement

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3. therealdeal.com › national › 2024/03/19Here’s why NAR settled the commission lawsuits - The Real Deal

   therealdeal.com › national › 2024/03/19

   • Cached

   Mar 19, 2024 · NAR’s settled the antitrust lawsuits over broker commissions, dodging the years-long legal process and cost to litigate the appeal.

   • Here’s What NAR’s Landmark Commissions Settlement Means

     The National Association of Realtors is bowing out of the...

4. www.cnn.com › 2024/03/15 › economyThe 6% commission on buying or selling a home is gone after ...

   www.cnn.com › 2024/03/15 › economy

   • Cached

   Mar 16, 2024 · Settlement could lead to lower homebuying costs. Homesellers who brought lawsuits against the NAR have argued that in a competitive market, the cost of the buyer’s agent’s commission should...

5. d7.nar.realtor › the-facts › nar-settlement-faqsNAR Settlement FAQs

   d7.nar.realtor › the-facts › nar-settlement-faqs

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   Aug 8, 2024 · Will NAR raise dues or levy an assessment on members to fund the settlement? Get answers about NAR’s settlement, including key terms, who is covered, practice changes, and NAR operations.

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7. www.nar.realtor › magazine › real-estate-newsThe Truth About the NAR Settlement Agreement

   www.nar.realtor › magazine › real-estate-news

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   Mar 22, 2024 · The proposed settlement: Resolves claims against NAR and nearly every member; all state, territorial and local REALTOR® associations; all association-owned MLSs; and all brokerages with an NAR member as principal whose residential transaction volume in 2022 was $2 billion or below.

8. therealdeal.com › national › 2024/03/15Here’s What NAR’s Landmark Commissions Settlement Means

   therealdeal.com › national › 2024/03/15

   • Cached

   Mar 15, 2024 · The National Association of Realtors is bowing out of the broker commissions fight. The trade group agreed to pay $418 million in damages to settle the lawsuits brought by homesellers, according...

9. www.nar.realtor › the-facts › what-the-narWhat the NAR Settlement Means for Home Buyers and Sellers

   www.nar.realtor › the-facts › what-the-nar

   • Cached

   May 24, 2024 · On March 15, The National Association of REALTORS® (NAR) reached an agreement with plaintiffs that would, if approved by the court, end litigation of claims brought on behalf of home sellers related to broker commissions.

10. www.politico.com › news › 2024/03/15Realtors reach historic $418M settlement, upending lucrative ...

    www.politico.com › news › 2024/03/15

    • Cached

    Mar 15, 2024 · The National Association of Realtors has agreed to settle a barrage of lawsuits by paying $418 million in damages and eliminating a rule underpinning a lucrative commission system at the heart of...