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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.
May 3, 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.
May 3, 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 days ago · Will NAR raise dues or levy an assessment on members to fund the settlement? Get answers about NAR’s settlement, including key terms, who is covered, practice changes, and NAR operations.
Mar 25, 2024 · The trade group agreed to pay $418 million in damages to settle lawsuits brought by homesellers. But, more importantly for those in the industry, the organization agreed to make changes to the ...
May 3, 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.
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When do MLSS have to implement the NAR settlement changes?
When is the NAR settlement deadline for non-Realtor MLSS?
Which brokerages are not covered by the NAR settlement?
Will real estate commissions fall?
May 4, 2024 · Anyone who's sold a home that was listed on MLS in recent years may be eligible for compensation. There are multiple settlements, and eligibility requirements for each vary by state. You can call the settlement administrator at 888-995-0207 to see if you qualify.
