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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 ...
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 ...
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
A federal judge gave a green light to the National Association of Realtors’ settlement, paving the way for an overhaul of the way people buy and sell their homes in the United States.. On ...
By June 2022, both parties to the case requested summary judgment for the case, each favoring their respective sides, which Judge John G. Koeltl approved of a summary judgment hearing to take place later in 2022. [13] No summary judgment was issued, and instead a first hearing was held on March 20, 2023. [14]
In September 2024, the American Civil Liberties Union (ACLU) filed a lawsuit seeking a preliminary and permanent injunction, as well as a declaratory judgment, allowing potential voters to register, through October 6. [5] On October 1, the High Court of Puerto Rico dismissed the lawsuit filed by the American Civil Liberties Union (ACLU).
Nonetheless, Show, Swander and others expect the NAR agreement, which must still be approved by the court, to change the home search process, especially for buyers.