Understanding the Impact of the NAR Settlement Agreement on Home Sellers Recent changes stemming from the National Association of Realtors (NAR) settlement agreement have significant implications for how home sellers market their properties. These changes are designed to increase transparency in the real estate industry, particularly concerning commission structures. However, as these shifts take effect, […]
The National Association of REALTORS Settlement Agreement
In March 2024, a significant development occurred in the real estate industry involving the National Association of Realtors (NAR) and several major real estate brokerages. A landmark $418 million settlement was reached with NAR to resolve claims in four antitrust class actions. These class actions challenged the rules requiring home sellers to pay buyer broker […]