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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]
An industry-shaking lawsuit has upended the way commissions are paid. ... The brokerages all settled out-of-court, and in March 2024, NAR settled as well, agreeing to pay $418 million in damages ...
March 15, 2024 at 5:42 PM. ... NAR already lost a big case. For decades, the NAR has required home sale listing brokers to provide an offer of compensation to a buyer’s agent up front. That ...
Home sellers behind multiple lawsuits against the NAR and several major brokerages argued that the trade group's rules governing homes listed for sale on its affiliated Multiple Listing Services ...
March 19, 2024 at 11:46 AM The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.
April 24, 2024 at 1:27 PM Joe Raedle/Getty Images 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 ...
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.
These 5 magic money moves will boost you up America's net worth ladder in 2024 — and you can ... recent lawsuits argued the NAR stifled competition among real estate brokers and violated ...