NAR Settles commission Lawsuit
The lawsuit against the National Association of Realtors (NAR) centered on the practice of “tying.” This practice involved NAR members mandating that commissions paid to buyers’ agents be set by the seller’s agent when a home is listed. The key issue in the lawsuits was that these NAR practices dominated the realty market in the United States, as close to 90% of all homes sold are listed through a Multiple Listing Service (MLS). The lawsuit claimed that this tying practice inhibited competition and drove up commission fees, ultimately harming consumers and home sellers.
NAR Settles commission Lawsuit Read More »