It’s official: A legal settlement that will rewrite the way many real estate agents are paid in the United States has received its final approval from a federal judge. Judge Stephen R. Bough of the Western District of Missouri on Tuesday approved an agreement between the National Association of Realtors and a group of home sellers who sued the real estate trade group over its long-standing rules on agents’ commissions, which they say forced them to pay excessive fees. It was the last step in an eight-month process that was set in motion when NAR, the nation’s largest trade association, agreed to the landmark deal on March 15.
Judge Approves Settlement That Changes Rules For Real Estate Agents
The New York Times News Service Syndicate, Denver Post: Business
Fri, 11/29/2024 - 1:13pm
Topics: united states judge stephen r bough western district national association realtors april aug october chicago nar president kevin sears as if university buffalo tanya monestier related articles highlands ranch golden rental downtown denver s sunnyside latino northside someone michael ketchmark kansas city the department justice nar on sunday the new york block it i bough missouri as on nar march nar nar s times sears monestier real estate settlement rules members home agreement pay legal group fees sellers trade approval buyer work rates move tuesday forced statement argued force homes databases led damages year called seller market brokerages agreed reached
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