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Mar 15, 2024 · NAR and plaintiffs have reached a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions.
To be eligible to receive the benefits of the Settlements, you must have: (1) sold a home during the Eligible Date Range (see the Long Form Notices); (2) listed the home that was sold on a multiple listing service (“MLS”) anywhere in the United States; and (3) paid a commission to any real estate brokerage in connection with the sale of the ...
May 16, 2024 · May 16, 2024 - Real Estate. How the big real estate settlement could change N.C. real estate. Brianna Crane. Illustration: Sarah Grillo/Axios. The National Association of Realtors recently agreed to settle a big lawsuit and change the way real estate agents get paid — from effectively a standard commission to something truly negotiable.
Feb 6, 2024 · The lawsuit alleges the existence of an anticompetitive agreement that resulted in home sellers paying inflated commissions to real estate brokers or agents in violation of antitrust law.
Mar 22, 2024 · A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay...
The case was submitted to the jury on October 31, 2023, and after less than three hours of deliberation, the jury found NAR and the real estate firm co-defendants liable for violations of the Sherman Act, which are the federal antitrust statutes. What is next for NAR in the Burnett case?
Jun 21, 2022 · In December of 2021, the North Carolina Supreme Court issued a decision in an area that is the subject of frequent litigation: claims by purchasers of homes against the real estate agents involved in the purchase. The decision by the Court could affect seller’s agents’ duty to disclose to potential homebuyers and buyer’s agents fiduciary duty.
