Navigating the Impact of NAR Settlement on Homebuyers
Six home sellers in Missouri, led by Rhonda Burnett, won a landmark class-action case against the National Association of Realtors, resulting in a $1.8 billion settlement and significant changes to the structure of real estate commissions in the United States. The settlement will prevent sellers' agents from offering commissions to buyers' agents on most home sale databases, which experts believe will lead to lower commissions across the industry.