NAR Agrees to $250M Settlement, Commission Changes Start August 17

Aug 12, 2024, 05:45 PM

The National Association of Realtors (NAR) has agreed to a significant $250 million class action settlement to address allegations of antitrust violations. Sellers accused NAR and other companies of conspiring to inflate broker commission fees. A judge has granted preliminary approval for the settlement, which will lead to changes in commission structures starting August 17. As the August 17 deadline approaches, more real estate agents are joining NAR and MLSs, anticipating the impact of these policy changes.