Three years ago, in March 2019, the National Association of REALTORS® and four corporate defendants were sued in class-action lawsuits filed in Missouri and Illinois alleging that home sellers have been damaged because their listing broker compensates the buyer’s representative. These lawsuits claim that various NAR rules and members’ adherence to those rules have led to artificially fixed and inflated commissions being paid to real estate professionals.
NAR General Council continues to strenuously defend its Code of Conduct, MLS Handbook, and related procedures. They are asking YOU to do what you can to help the Association prevail in the court of public opinion.
The Association has generated a guide to help further explain the background of the litigation and offer insight and resources to utilize in order to spread the word.
Click to View the, "NAR Seller Class Action Litigation Overview.