Published: March 18, 2024
NAR Reaches Agreement to Resolve Nationwide Claims Brought by Sellers
C.A.R. Special Legal Townhall: Thursday, March 21 | 10:30 AM (PDT) | Zoom
On Friday, March 15, 2024, the National Association of REALTORS® (NAR) announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. To provide additional clarity on the issue, please join C.A.R. President Melanie Barker, C.A.R. General Counsel Jenny Li and members of C.A.R.'s legal team to get your questions answered at a live virtual townhall session Thursday, March 21, 10:30 AM – 11:30 AM as they cover what you need to know about the settlement, its potential effect on the real estate industry and how it may impact your business and consumers. For additional information on the proposed settlement, including answers to Frequently Asked Questions and a video statement, please visit NAR's https://Competition.Realtor website Realtor members are also encouraged to contact the C.A.R. Legal Hotline with questions (213) 739-8282