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Mar 19, 2024 · In an effort to settle an antitrust lawsuit, the National Association of Realtors announced Friday that it will prohibit sellers' agents from offering to compensate buyers' agents through...
- Jim Weiker
- Senior Business Reporter
Mar 30, 2023 · The lawsuit was originally filed as a federal antitrust suit in 2019 inferring certain NAR polices violate the Sherman Antitrust Act by requiring Listing Brokers to offer Buyer Brokerages a commission to list properties in their Multiple Listing Service (MLS).
Nov 2, 2023 · A jury ordered realtors to pay $1.8 billion to Missouri home sellers who sued over how agent commissions are determined. The National Association of Realtors (NAR) has a rule requiring home sellers to pay the commission for the buyer's agents, which the jury said was unfair to the sellers.
Mar 15, 2024 · It was announced today that NAR has settled on a series of lawsuits surrounding real estate commissions. The settlement is subject to court approval.
Feb 15, 2023 · The attorney general’s lawsuit alleges that MV Realty founder Amanda Zachman and broker Diana Remar confuse and mislead homeowners with the company’s “Homeowner Benefits Agreements,” contracts that omit crucial information and language required by state law.
Many real estate professionals are subject to two sets of rules. First, each jurisdiction has a governmental agency, typically referred to as the real estate commission, charged with the authority to issue licenses to real estate professionals and enforce related state laws and regulations.
Mar 19, 2024 · The key potential change centers on who foots the bill for real estate agents who represent homebuyers. Currently, an agent or broker representing a home seller typically splits a commission — often around 5% to 6% of the home’s sale price — with the agent working on behalf of the homebuyer.
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