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NAR settlement will bring more transparency to home sales, experts say

Skeptics say it may decrease incentivization among real estate agents, brokers
By: Annie Smith Barkalow|April 29, 2024
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    • In March, the NAR announced an agreement to settle litigation for $418 million, and proposed a new rule prohibiting offers of broker compensation on the MLS.

    In March, the NAR announced an agreement to settle litigation for $418 million, and proposed a new rule prohibiting offers of broker compensation on the MLS. CREDIT THIRDMAN/PEXELS

    Shake ups with the National Association of Realtors (NAR) are spilling over into the real estate market on a national level, potentially changing the way Realtors work with home buyers and sellers.

    Lawsuits against the NAR allege the powerful Realtor group has not been forthcoming about commission rates, has allowed buyer brokers to mislead buyers into thinking that their services are free, and has enabled them to filter listings on…

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