Michael Crist

Sitzer judge grants preliminary approval for NAR settlement Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were “fair, reasonable and adequate,” and set a final approval hearing for November. https://www.inman.com/2024/04/23/sitzer-judge-grants-preliminary-approval-for-nar-settlement/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1025536_readmore_0_19700101&message_id=35132351.78736 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of [...]

South Carolina Lawsuit Update As you may know, since the jury verdict in the Sitzer-Burnett case in Missouri, dozens of new lawsuits were filed all across the country, including one commission lawsuit in South Carolina in November last year. The NAR legal team often refers to these lawsuits occurring across the country as "copycat lawsuits" [...]

https://cdn.nar.realtor/sites/default/files/documents/nar_realtor_safety_safe_listings_form_2023_06_26.pdf The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]

Following NAR input, buyer agent commissions not counted among IPC limits The National Association of REALTORS® influenced a significant clarification from Fannie Mae and Freddie Mac, with the entities confirming that buyer's agent commissions will not count as part of the interested party contributions limits. This guidance follows a nationwide settlement facilitated by NAR concerning [...]

https://www.nar.realtor/magazine/real-estate-news/scotus-rules-in-favor-of-owners-in-property-fee-dispute?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=0F63F11B-AB1C-484C-92B0-36224952BB5D The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]

SETTLEMENT ANSWERS What is the mechanism for non-association MLSs to obtain releases of liability in seller litigation? For MLSs that are not wholly owned by a REALTOR® association, the agreement includes a mechanism to obtain a release efficiently if they so choose. Broadly speaking, the agreement provides two paths: The MLS can elect to pay [...]

https://www.inman.com/2024/04/12/judges-decline-to-centralize-commission-lawsuits/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1024355_readmore_0_19700101&message_id=35017945.78741 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and [...]