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How to apply for a settlement in the real estate commission lawsuit The only way to receive payment is by submitting a claim form by May 9, 2025. Forms can be submitted online at www ...
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 ...
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 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.
Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
A Kansas City jury on Tuesday ordered the National Association of Realtors and major real estate brokers to pay nearly $1.8 billion in damages, finding the groups conspired to inflate costs for ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
Americans pay roughly $100 billion in real estate commissions each year, but that burden is about to be lightened considerably. The National Association of Realtors, one of the country’s largest ...