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On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
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 seen in ...
The brokerages all settled out-of-court, and in March 2024, NAR settled as well, agreeing to pay $418 million in damages and change some of their longstanding rules. (Final court approval was ...
The entire US housing market is about to get remodeled, and the end product could come with a big perk: cheaper home prices. That’s due to a $418 million settlement the National Association of ...
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
On March 3, 2023, the USDA petitioned the Supreme Court to hear its case. On June 20, 2023, the court granted certiorari. It was argued on November 6, 2023. [4] On February 8, 2024, Justice Gorsuch delivered a unanimous opinion holding that the Fair Credit Reporting Act expressly waives the sovereign immunity of the United States.
The NAR currently represents about 1.6 million Realtors, with 90% of agents cashing in an average commission of 5% to 6% — equal to $100 billion in annual commissions.
Office of Justice Programs — Assistant Attorney General (Office of Justice Programs) Amy L. Solomon: May 2, 2023 (Confirmed April 18, 2023, 59–40) [RC 14] July 19, 2024 [13] — Director of the Bureau of Justice Assistance. Karhlton F. Moore: February 28, 2022 — — Director of the Bureau of Justice Statistics. Alex Piquero: August 15 ...