The National Association of Realtors (NAR) has reached a landmark settlement in multiple class-action lawsuits totaling $418 million. As part of the settlement, NAR has agreed to refrain from establishing any rules or regulations related to agent commissions, marking a significant shift in the industry’s landscape. This decision comes after years of legal battles and allegations of anti-competitive behavior within the real estate market.
Key points:
– NAR settles commission lawsuits for $418 million
– Agrees to no longer establish rules regarding agent commissions
– Settlement marks a significant shift in the industry’s landscape
– Decision comes after years of legal battles and allegations of anti-competitive behavior in the real estate market.
You can read this full article at: https://www.housingwire.com/articles/nar-settles-commission-lawsuits-for-418-million/(subscription required)
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