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.
Similar Stories to Judge Approves Settlement That Changes Rules For Real Estate Agents on Bing News
The New York Times News Service Syndicate, Denver Post
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
BING NEWS:
- Federal Judge Approves Landmark Real Estate Settlement
A significant chapter in real estate history unfolded as a federal judge granted final approval to a substantial $418 million settlement resulting from a class-action lawsuit against the National ...
11/29/2024 - 2:44 am | View Link - With the NAR settlement approved, does the DOJ know what’s next?
Industry experts offer their thoughts on where the real estate industry goes now that NAR’s settlement agreement has received final approval.
11/29/2024 - 12:07 am | View Link - Why the landmark settlement that changed how Realtors get paid may not be fully settled
The US Department of Justice threw even more doubt into a new way of paying for real estate brokers this week, raising concerns about a recent wide-ranging legal settlement.
11/27/2024 - 11:30 pm | View Link - Commission rule change is costing real estate agents money, especially younger ones
Sales commissions have shrunk across the country after the National Association of Realtors changed its commission policy.
11/27/2024 - 10:00 pm | View Link - Judge approves $418 million settlement against real estate group
The real estate trade group reached a deal to settle back in March. A judge granted preliminary approval to the agreement in April and final approval was on Tuesday. The $418 million settlement also ...
11/27/2024 - 1:37 pm | View Link - More
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