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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]
Kilgore estimated that the number of agents could decrease as much as 50% as a result of the NAR settlement, with the remaining agents likely to be "more professional, more efficient agents."
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 lawsuit (and two others) could lead to a 30% reduction in the $100 billion that Americans pay each year in real-estate commissions, said Ryan Tomasello, a real-estate industry analyst with ...
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
NATO Accessory Rail (STANAG 4694) The NATO Accessory Rail (NAR), defined by NATO Standardization Agreement (STANAG) 4694, is a rail interface system standard for mounting accessory equipment such as telescopic sights, tactical lights, laser aiming modules, night vision devices, reflex sights, foregrips, bipods and bayonets to small arms such as rifles and pistols.
The lawsuit, filed on Nov. 6, seeks class-action status for all home sellers in South Carolina who used a listing broker affiliated with Keller Williams and listed their home on one of the NAR’s ...
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 sell their homes in the United States.. On ...