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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]
The US Department of Justice threw even more doubt into a new way of paying for real estate brokers this week, raising concerns about a recent wide-ranging legal settlement.
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 ...
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.
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 ...
An industry-shaking lawsuit has upended the way commissions are paid. ... The brokerages all settled out-of-court, and in March 2024, NAR settled as well, agreeing to pay $418 million in damages ...
On September 16, 2024, a class action lawsuit - on behalf of five contestants of the $100-million-dollar Beast Games series on Prime Video - was filed in Los Angeles Superior Court against Donaldson (under his production company MrB2024, LLC), Off One's Base, LLC (a production company), Amazon Alternative, LLC (a division of Amazon Studios that creates unscripted television), and 100 anonymous ...
The National Association of Realtors (NAR) is set to cough up $418 million in damages and eliminate commission rules in a landmark deal experts say will significantly shake up the real estate ...