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Month: March 2024
March 21, 2024

VIDEO: Litigation Update from Kevin Sears, NAR President – March 21, 2024

Fellow Members, Earlier this week, I filmed a VIDEO to discuss the key considerations and terms of the settlement agreement we recently announced to resolve home seller litigation. I also highlight the great work our advocacy team is continuing to progress on behalf of our members and the consumers they serve. I encourage you to watch […]
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March 20, 2024

UPDATE: Correcting the Record – NAR Does Not Set Commissions

Following recent inaccuracies in media coverage, including the false representation or suggestion that the National Association of REALTORS® (NAR) requires a standard 6% commission, NAR has issued the following statement: The National Association of REALTORS® (NAR) does not set commissions – they are negotiable. The rule that has been the subject of litigation requires only […]
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March 19, 2024

Breaking News: NAR Reaches Agreement to Resolve Home Seller Class Action Lawsuits

The Sitzer-Burnett verdict and the copycat cases filed across the country have raised questions about the way real estate professionals do their jobs and how consumers can hire and compensate us. Since the litigation began, we have worked consistently to reach a resolution with the plaintiffs. In the months since the Sitzer-Burnett verdict, we redoubled […]
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