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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 ...
A proposal for how settlement funds will be allocated has not been submitted to the court yet, so it's unclear how much money someone may receive. The two settlements collectively have ...
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 ...
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 reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
As part of the settlement, the NAR does not admit to any wrongdoing but will have to pay $418 million over approximately four years. The NAR is also agreeing to enact a new rule requiring Realtors ...
This month, the rules in residential real estate are changing. The National Association of Realtors said the changes included in a settlement to end antitrust legal claims officially take effect ...