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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 ...
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 settlement from the National Association of Realtors is set to usher in the most sweeping reforms the U.S. real ... NAR already lost a big case ... The best books of 2024, according to Goodreads ...
The brokerages all settled out-of-court, and in March 2024, NAR settled as well, agreeing to pay $418 million in damages and change some of their longstanding rules. (Final court approval was ...
March 19, 2024 at 11:46 AM The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.
August 10, 2024 at 7:00 AM Joe Raedle/Getty Images The National Association of Realtors said the changes included in a settlement to end antitrust legal claims officially take effect nationwide on ...
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.
March 15, 2024 at 2:12 PM. ... The NAR reached a nationwide settlement of claims that the industry conspired to boost agents' commissions, the organization said on Friday. If approved by a federal ...