The class-action lawsuit was filed in 2019 on behalf of 500,000 home sellers in Missouri and some border towns. The verdict stated that the defendants "conspired to require home sellers to pay the broker representing the buyer of their homes in violation of federal antitrust law." The jury ...
On March 15, 2024, the National Association of Realtors settled a class action lawsuit by homeowners who alleged that the NAR had illegally inflated the commissions charged to realtors. As part of the $418 million settlement, the NAR agreed to stop allowing broker compensation offers on its li...
The settlement stems from a federal class-action antitrust lawsuit, Burnett v. National Association of Realtors et al., filed in Kansas City, Missouri. Last October, a jury sided with the plaintiffs, agreeing that NAR and large brokerages conspired to inflate commissions paid by sel...
That document could signal a major shift in the way Americans buy and sell homes. It was mandated as part of a settlement ending aclass actionlawsuit by home sellers against the National Association of Realtors (NAR). In addition to requiring buyer’s agent agreements, the settlement removes ...
Move transfers 'fake leads' lawsuit to federal court Move's counsel filed a Notice of Removal on Tuesday to move the class action suit against it from state to federal court. The lawsuit claims Move knowingly sold unvetted and fraudulent leads to agents through its network. ...
NAR LAWSUIT SETTLEMENT UPDATESNYSAR Guide to complying with the NAR Antitrust Settlement As of August 17, 2024, all MLSs that have opted-in to the NAR settlement agreement for the Sitzer/Burnett lawsuit will need to implement new policies that are applicable to all participants of the MLS. ...
The class action lawsuit was brought by home sellers who listed their houses in multiple listing services for the Kansas City metropolitan area, the St. Louis metropolitan area, the Southern Missouri area, and the Columbia, Missouri area, and sold them between 2015 and 2022. ...
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The settlement stems from a federal class-action antitrust lawsuit, Burnett v. National Association of Realtors et al., filed in Kansas City, Missouri. Last October, a jury sided with the plaintiffs, agreeing that NAR and large brokerages conspired to inflate commissions paid by sel...
Visit NYSAR’s dedicated NAR lawsuit settlement webpage for NAR Lawsuit Settlement resources, including FAQ’s for New York REALTORS®. NYSAR also offers updated model statewide forms and instructional videos. News NAR Legal Action Program Helps Secure Victory in Appeals Court “NAR announced the ...