Local real estate market statistics are updated here monthly.
A class-action lawsuit against the National Association of REALTORS® (NAR) challenged the common practice of listing brokers making offers of compensation to buyer brokers in local MLS broker marketplaces as contractually agreed upon by their sellers.
In response to this week’s jury verdict in the Sitzer/Burnett v NAR et al case, NAR has made it clear it will appeal the verdict and continue to pursue consumers getting comprehensive, equitable, transparent, and reliable home information.
We will keep you informed about this case and other new and existing cases, including a new class action case already filed by Plaintiff’s attorneys following the Sitzer/Burnett v NAR et al verdict. We will work with members to minimize disruption to our industry regardless of the final outcome.