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Monthly Archives: March 2024

Market Disruptions Due to Broker Commissions

Thu Mar 28, 2024 on News

Market Disruptions Due to Broker Commissions

There is a sense of uncertainty in the residential real estate market due to the recent settlement of the National Association of Realtors (“NAR”) in which NAR agreed to not continue a longstanding practice that required home sellers to indicate the amount they would pay a home buyer’s agent. Questions as to the timing as to when prospective buyers or sellers […]

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Tue Mar 19, 2024 on Blog & News

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Late last week, the National Association of Realtors  (“NAR”) reached a $418 million nationwide settlement of claims, pending approval by a federal court, that the industry conspired to keep agent commissions higher. As we discussed in a recent blog,   the NAR had been faced with a jury verdict of $1.8 billion in damages, finding that industry rules for how buyer’s agents […]