Changes Coming on Real Estate Commissions “The National Association of Realtors has reached a settlement and the result of a class action lawsuit as to how commissions can be shared by sellers and listing properties,” began Wahlberg. “The current practice that has been in place, at least in...
In the wake of a class-action lawsuit about agent commissions, this "cooperative compensation" model no longer applies and agent commissions cannot be included in MLS listings. Home sellers will still pay their own listing agents, and sellers could potentially offer to help pay for the buyer's...
I Asked ChatGPT Why Real Estate Commissions Were So High
In March, the National Association of Realtorsagreedto a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. ...
malhotraspokaneReal EstateSeptember 2, 2024 The National Association of Realtors recently settled a class action lawsuit regarding how commissions are advertised. What does this mean for sellers? Very little. The manner in which buyer’s agent commissions are disclosed is changing. Not much else. ...
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Check in with Blue Owl leaders on key themes impacting Credit, Real Estate, and GP Strategic Capital. Suit: J.P. Morgan Acted As “Double Agent” with Cash Sweep Program Aug 26, 2024 The lawsuit, which seeks a class action, was filed in New York federal court last week. It follow...
LAWSUIT INSPIRES A REAL CLASS ACTIONAngelica Medaglia
In March 2024, the National Association of Realtors settled a class-action lawsuit by homeowners who alleged that the NAR had inflated the commissions paid to its realtors. If the deal is finalized by the court, it is likely to lead to substantially smaller commissions in the future. ...
On March 15, 2024, the National Association of Realtors settled a class-action lawsuit brought by home sellers who alleged that the association had inflated the commissions paid to its realtors. As part of the proposed $418 settlement, the NAR agreed to prohibit offers of broker compensation w...