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Market
Redfin market share increase post-settlement by 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports and market analysis
Story
NAR Implements New Policies, Redfin Settles for $9.25M in Broker Commission Lawsuits
May 6, 2024, 09:23 PM
The National Association of Realtors (NAR) has implemented new policy changes set to take effect on August 17, following a settlement to avoid a jury verdict on inflated commission charges. These changes are a result of an antitrust class action lawsuit brought on behalf of home sellers concerning broker compensation. Additionally, Redfin has agreed to pay $9.25 million to settle similar antitrust lawsuits over broker commissions. This settlement is part of broader industry adjustments that have pushed the total settlements by NAR and other brokerages close to $1 billion.
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