NAR last year settled a class action lawsuit in which the complainants alleged that industry practices led to excessive fees.
(WSAV) — A proposed settlement could change the ... This just adds another cost onto a buyer,” Schuman said. As part of the settlement, the NAR admits to no wrongdoing. Those suits claim ...
Crye-Leike had $7 billion in sales volume in 2022, according to RealTrends, but the company claims the entity named in the Gibson suit did only $1.75 billion.
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Overall, buyer’s agents are earning an average of 2.37 percent in commission — essentially unchanged since the new National Association of Realtors (NAR) rules took effect in August, but down slightly ...
The early declines in buyer commission rates suggested that the NAR Settlement might push these rates downward, aligning with predictions from industry analysts and legal professionals.
The broker-owner of one of New England’s largest realty firms says President Donald Trump needs to intervene to break a ...
The new commission rules stem from a legal settlement: In March, NAR agreed to settle a series of class-action lawsuits in part by creating new rules about the way commissions offered to buyer’s ...
Later that month, the Department of Justice (DOJ) filed an amicus brief claiming that it had “significant concerns” about the proposed ... settlement are different than the terms of NAR ...