Tag: the realtor

Local experts weigh in on proposed National Association of Realtors settlement impacts

medah,

COLLEGE STATION, Texas (KBTX) – The National Association of Realtors accepted a $418 million settlement covering claims of antitrust violations.

However, the settlement isn’t finalized just yet. Before any changes affect the market, the US Department of Justice and the courts also have to accept the terms of the settlement, according to realtor Raylene Lewis.

Lewis said her office is already fielding calls from homebuyers about the possible impacts of the proposed settlement.

According to her, buyers have expressed concerns about the settlement possibly leading them to pay more than expected.

“They’re wondering if they’re going to have a whole

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Residents in Bairagiguda Decry Illegal Closure of Road by Realtor

medah,

Hyderabad: Members of B&G All Colonies Association, consisting of a federation and residents from several colonies in Bairagiguda and Gandhamguda, Rajendranagar constituency, complained to revenue officials, the municipal commissioner and the local MLA after a major road connecting Narsingi with Bairagiguda was closed at the behest of a real estate firm.

They complained that because of the illegal road closure, they were now forced to take an alternative route, which is around eight km, while the actual stretch is only one km.

“In addition to 250 colonies in our association, around 120 colonies in Hydershakote are also with us. Over

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Breaking Down Sitzer-Burnett

medah,
House next to gavel

© DeepBlue4U / Getty Images

Editor’s Note: This article appeared in the Winter 2024 print edition of REALTOR® Magazine. For the resources and key developments on pending litigation, turn to competition.realtor.

Since it was handed down in October, the verdict in the Sitzer-Burnett case has been top of mind for the industry. The National Association of REALTORS® has made it clear it intends to appeal the verdict. In the meantime, REALTORS®, members of NAR, should be aware of what the case is about and what it means for them.

The case: Sitzer-Burnett is a class-action lawsuit that was filed in

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