Name:   lucky67 - Subject:   Yo Luck Date:   3/19/2024 11:26:59 AM (updated 3/19/2024 11:38:22 AM)

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