National Association of Realtors approves $418 million settlement

The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, commonly of up to 6% of the purchase price.

Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will be thin, further driving down commission prices.

“For years, anti-competitive rules in the real estate industry have financially harmed millions,” said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the

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Florida Realtors’ Tech Helpline Adds Over 20,000 New Members in the Last 90 Days

Delivers tech support to five new organizations, now serving over 750,000 Realtors

ORLANDO, Fla., March 20, 2024 /PRNewswire/ — Tech Helpline, real estate’s No. 1 tech support service, reports a growth surge. In the last 90 days, Tech Helpline has added five more Realtor organizations with over 20,000 members, including the Kentucky REALTORS® and the Greater Philadelphia Association of REALTORS®.

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Lawsuit against giant realtor agency may impact local homebuyers

The settlement clearly states NAR’s denial of any wrongdoing regarding the multiple listing service, or MLS module rule introduced in the 1990’s.

ALLENDALE, Mich — The National Association of Realtors (NAR) has reached an agreement to pay half a billion dollars to sellers over four years after a lawsuit alleged policies helped to set agent commissions by enforcing inflating costs from homeowners.

Geoff Brown, owner and broker of Gateway Group Real Estate, has owned his real estate agency for nearly a decade. He said with his expertise, he wanted to share with the public his side of what will impact

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