Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes.
Category: national association of realtors
NAR agrees to settle commission lawsuits for $418M
NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement.
Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout
After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX.
Curbio faces lawsuits, complaints from agents amid rapid growth
Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped.
Defendant, plaintiffs in Nosalek commission case unite against DOJ
Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case.
Side CEO urges agents to reject negativity, lean into community
Guy Gal spoke out last week about the challenges of 2023 and the way agents can avoid falling prey to negativity even during tough times.
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs.
It’s time to consider eliminating NAR’s Clear Cooperation Policy
According to coach Darryl Davis, although its intentions were good, the unintended consequences of the Clear Cooperation Policy may make it more trouble than it’s worth.
NAR opens application window for REACH tech accelerator
The National Association of Realtors’ for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31.
Sitzer | Burnett closing arguments wrap as judgment day approaches
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions.