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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 ...
In 1996, as part of its rules governing multiple listing services, NAR adopted a rule requiring Realtors to make "blanket unilateral offers of compensation" when listing homes for sale on an MLS. [7] These offers of compensation were required to be "a percentage of the gross selling price or as a definite dollar amount" and were to be paid by ...
The settlement must get court approval, then if approved any changes would go into effect in mid-July, NAR said in a March 19 news release. ... Kilgore estimated that the number of agents could ...
The unemployment rate edged up moderately to 4.2% from October's 4.1%. November's consumer price index report, released on Wednesday, ... NAR settlement and realtor commission changes.
Shares of Lennar , Toll Brothers , and PulteGroup have rallied to record highs this year, powered in part by the NAR settlement but also on the prospect for Fed rate cuts. Toll Brothers is up ...
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 unemployment rate held at 4.1%. New employment data for November is due this Friday, December 6. ... NAR settlement and realtor commission changes. On April 23, ...
NAR, which boasts 1.5 million members, has agreed to pay $418 million in damages to settle a wide range of lawsuits in courts across the nation, including the shocking $1.8 billion verdict awarded ...