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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 ...
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 proposed $15 million settlement is awaiting court approval. A proposed $15 million settlement is awaiting court approval. Skip to main content. Subscriptions; Animals. Business. Entertainment ...
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 ...
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 ...
I t was huge news at the time: the National Association of Realtors (NAR) agreed in March to pay $418 million and make changes to how the home-buying process works in order to settle a class ...
The NAR, which represents more than 1 million agents, declined to comment on whether home prices will fall as a result of the settlement. However, the president of the NAR, Kevin Sears, said ...
The settlement also heightens the financial and administrative woes the NAR has been facing in recent months. Former CEO Bob Goldberg resigned last year just days after the $1.8 billion verdict ...