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Name:
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lucky67
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Subject:
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Yo Luck
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Date:
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3/19/2024 11:26:59 AM (updated 3/19/2024 11:38:22 AM)
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I think the whole idea of settling this case for $418 million over 4 years was crazy -NAR continues to deny any wrong doing-that cooperative compensation and NAR's policies benefit both buyers and sellers-personally I never saw where Plaintiffs presented actual proof of damages incurred-but i didnt review the full court documentation or final ruling--just the summary-(may have been in the fine print )-it is enlightening that none of the jurors on the Sitzer-Burnett case were homeowners--sellers are and have always been able to accept/decline/ negotiate a listing commission--NAR has agreed in this settlement to prohibit putting on MLS the commission a buyers agent could expect to receive ( normally 1/2 of the agreed upon listing commission). MLS agents working with buyers will be required to enter into written representation agreements with their buyers - which has always been common sense--changes become effective July 2024; my comments are not to be construed as legal opinions just a perspective ; whats done is done, so we'll see how this plays out -
I'm sure you could view the full case ruling on the NAR website
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