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NAR has chosen to end its legal fight against a flood of commission lawsuits that have roiled the industry over the last five years.
3 maj 2024 · Key points: The Aug. 17 deadline coincides with the earliest date class notices for the $418 million settlement will be sent out. Updates to MLS policies clarify rules around offers of compensation and emphasize that MLSs should not support workarounds that run afoul of the rules.
3 maj 2024 · The announcement, shared with REALTOR® Magazine, provides important information regarding the practice changes required for NAR members under the settlement agreement; it also establishes Aug. 17 as the effective date for these changes.
22 mar 2024 · The recent NAR settlement will remove the obligation for home sellers to offer commissions as a condition for MLS listings. This decision introduces a new approach to commission negotiations, a move that is expected to foster a more competitive and transparent marketplace.
3 dni temu · NAR will change real estate broker commission practices following a lawsuit settlement, affecting disclosures and transactions starting August 17.
23 maj 2024 · The Department of Justice broke its silence on commission practices in residential real estate as the National Association of Realtors awaits approval on its proposed $418 million settlement...
3 maj 2024 · The rule changes proposed in the 1.4 million-member trade group’s landmark antitrust settlement will take effect on Aug. 17, chief legal officer Katie Johnson announced on Friday.
