NAR Settlement: What You Need to Know

The proposed $418 million agreement to the Sitzer-Burnett verdict would end litigation of claims brought by home sellers related to broker commissions.

VIDEO Legal Webinar: NAR Settlement — What You Need to Know

This webinar was recorded on March 28, 2024, with the Florida Realtors® legal team and addresses the recent NAR lawsuit settlement. CLICK HERE TO DOWNLOAD THE WEBINAR SLIDESHOW | CLICK HERE FOR MORE RESOURCES

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The National Association of Realtors® (NAR) announced a proposed $418 million settlement agreement to the Sitzer-Burnett verdict that would end litigation of claims brought by home sellers related to broker commissions.

The agreement resolves claims against NAR, more than one million NAR members, 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. However, agents affiliated with HomeServices of America and its related companies – the last corporate defendant still litigating the case – are not released under the settlement, nor are employees of the remaining corporate defendants named in the cases covered by this settlement. Click here to read the full news article.