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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]
A Missouri jury just decided there actually was. ... The case, Burnett v. NAR et al, is the first of two antitrust lawsuits centered on NAR’s commissions policy to go to trial, and it could ...
About the NAR lawsuit. In the case that went to trial in 2023, Missouri home sellers alleged antitrust violations by NAR and four major brokerages: Keller Williams, Anywhere, RE/MAX and ...
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 ...
But the Missouri case is just one of several fronts on which the commission rule is being attacked. Other plaintiffs have sued the NAR, and the Department of Justice is also scrutinizing the ...
Beginning in 2019, Ketchmark served as the plaintiff's lead attorney in Burnett v.National Association of Realtors, a class action lawsuit involving the sellers of over 260,000 homes in Kansas, Missouri and Illinois during the period of 2015 to 2022. [9]
The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
The NAR faced multiple lawsuits over the way agent commissions are set. ... a federal jury in Missouri found that the NAR and several large real estate brokerages conspired to require that home ...