Broker Commission Lawsuit
The court granted final approval of the National Association of Realtors® proposed settlement agreement to resolve class action claims related to broker commissions. The settlement resolves antitrust claims against NAR, over one million NAR members, all state/territorial and local Realtor® associations, all association-owned Multiple Listing Services (MLSs), and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. View facts about the settlement and more.
NAR’s mandatory MLS policy changes, which implement the settlement’s required practice changes, took effect on August 17, 2024. Realtor® MLSs must implement practice changes by that date.
Buyer-Agent Commission Lawsuit
NAR has reached a settlement agreement with the plaintiffs in the Tuccori litigation via an opt-in feature in the lawsuit’s master settlement. Read more about the settlement agreement to resolve claims in Tuccori v. At World Properties.
Settlement-Related Standard Forms Changes
Some of the PAR Standard Forms changed as a result of the broker commission settlement agreement. The new forms took effect on Aug. 1, 2024. Review the many resources and JustListed articles that provide detailed information about the settlement agreement and how to implement the changes.
Resources
Visit facts.realtor for the latest consumer guides and NAR Settlement FAQs for answers to some common questions.
PAR JustListed
- July 15, 2024: Forms Changes 2024: I Hear There are Some Forms Changes?
- July 18, 2024: 2024 Forms Release Resources
- Aug. 1, 2024: PAR Standard Forms Release – Improving Your Transition Game
- Aug. 16, 2024: NAR Settlement Implementation: All* Your Questions** Answered***
- Aug. 30, 2024: Better Questions = Better Answers
- Nov. 26, 2024: Sitzer/Burnett Settlement Approved
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