Tag: NAR lawsuit
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Paying the Agents: In “Post-Commission” Times, Buyers Finally Have a Say
Last year, the National Association of REALTORS® (NAR) settled a major lawsuit and agreed to change the way agents get paid. Buyers now know they’re covering their agents’ commissions themselves. Once NAR agreed to new rules, as part of the $418 million lawsuit settlement, some people predicted a new wave of buyer-friendly competition among agents.…
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Agent Commissions (Literally) on Trial. What’s at Stake for Buyers and Sellers?
Update: Jury sides with home sellers in commissions trialAfter less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion. – Real Estate News The trial started this week. Yes, in an actual courtroom. Sellers in a class action are suing the key real estate…