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A settlement from the National Association of Realtors is set to usher in the most sweeping reforms the U.S. real estate market has seen in a century. ... the NAR has required home sale listing ...
The National Association of Realtors announced last week that a new rule would ... Kilgore estimated that the number of agents could decrease as much as 50% as a result of the NAR settlement, with ...
CoStar shares rallied 8% after the NAR settlement was announced last Friday. Shares are up 12% year to date. Seana Smith is an anchor at Yahoo Finance. Follow Smith on Twitter @SeanaNSmith. Tips ...
The settlement comes months after a federal jury in Missouri found the NAR and two brokerages liable for $1.8 billion in damages for conspiring to keep agent commissions artificially high. The NAR ...
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 ...
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 ...
In a statement to CNN, an NAR spokesperson said it was “pleased that the Court has preliminarily approved the settlement because it is in the best interests of all parties and class members.”
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 ...