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Industry Relations

A Multi-Million Dollar Settlement: Unpacking NAR's Landmark Deal with the DOJ

Mar 20, 2024
Dive into a groundbreaking settlement between NAR and the DOJ, shaking up the real estate world. Explore the implications for referral networks, MLSs, and member compliance. Uncover the potential changes in steering practices, online platforms, and commission rates. Get ready for a new era in real estate practices and regulations.
42:28

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Quick takeaways

  • The $418 million NAR settlement reshapes MLS practices, signaling potential shifts in compensation negotiation strategies.
  • DOJ oversight signals reinforcement of regulations and implications for market dynamics in the real estate industry.

Deep dives

Implications of Settlement for NAR Members

The settlement agreement with NAR releases 1 million NAR members from liability nationwide, ending the commission lawsuits. Any NAR member can be covered by the settlement, except for those opting out.

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