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Dear Diane,
This morning, NAR announced a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The settlement is subject to court approval.
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, Monday, March 18, 10:30 a.m. – 11:30 a.m., OR Thursday, March 21, 10:30 a.m. – 11:30 a.m. 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.
Register here to attend Thursday, March 21.
(This is a repeat event. It is not necessary to attend both dates.)
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