The National Association of Realtors (NAR) has agreed to pay $418 million in damages and eliminate its rules on commissions as part of a court settlement. This settlement, resulting from numerous lawsuits, is expected to bring major changes to home sales and savings to home sellers nationwide.
The National Association of Realtors (NAR) has agreed to pay $418 million in damages and eliminate its rules on commissions as part of a court settlement . This settlement, resulting from numerous lawsuits, is expected to bring major changes to home sales and savings to home sellers nationwide. Industry experts believe that the settlement will disrupt the market and necessitate a new business model .
The lawsuits alleged that the NAR and residential brokerage companies conspired to keep commissions for home sales high, costing Americans an estimated $60 billion in extra real estate commissions
National Association Of Realtors Court Settlement Home Sales Home Sellers Commissions Lawsuits Damages Business Model Market Disruption Real Estate Commissions
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