Federal Judge Stephen Bough granted final approval Tuesday for the Chicago-based National Association of Realtors $418 million settlement agreement to resolve litigation against the organization and its members brought on behalf of home sellers related to broker commissions. He granted preliminary approval of the agreement in April. The payout comes after a Missouri federal jury issued a landmark $1.8 billion verdict in October of last year, finding the National Association of Realtors and several large real estate brokerages conspired to artificially inflate commissions on home sales.
National Association Of Realtors $418m Settlement Over Broker Commissions Approved By Judge
Lizzie Kane, Chicago Tribune: Business
Tue, 11/26/2024 - 4:37pm
Topics: federal judge stephen bough chicago-based national association april october this nar president kevin sears multiple listing service mls real historically attorneys benjamin brown cohen milstein sellers toll brown for jeff baker august president kenny parcell culture transformation commission the new york times department justice national association realtors illinois nar s nar nar aug mls mls brown tribune we baker baker ceo settlement broker commissions estate home agreement tuesday agents year members agent litigation industry compensation clients buyers rules organization million representing buyer paid practice eligible money process told interview important granted listings payout expected sales educating suits brokerages case market agreements split professionals approval state staff group effect consumers fees competitive negotiate trade announcement work
BING NEWS:
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11/28/2024 - 12:26 am | View Link - Real estate broker stocks rise after NAR settlement gets final court approval
Most U.S. real estate brokerage and residential real estate-related stocks traded in the green after a court granted final approval on Tuesday of the National Association of Realtors ("NAR") proposed ...
11/27/2024 - 6:46 am | View Link - Daywatch: National Association of Realtors $418M settlement approved
Federal Judge Stephen Bough granted final approval yesterday for the Chicago-based National Association of Realtors $418 million settlement agreement to resolve litigation against the organization and ...
11/26/2024 - 11:49 pm | View Link - National Association of Realtors $418M settlement over broker commissions approved by judge
A judge granted final approval Tuesday for the National Association of Realtors settlement to resolve litigation against the organization.
11/26/2024 - 10:40 am | View Link - NAR’s landmark settlement deal nears the finish line
The DOJ raised concerns over NAR’s rule requiring buyer’s agreements days ahead of the final hearing on the group’s $418M settlement deal.
11/26/2024 - 5:08 am | View Link - More
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