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What Does the NAR Sitzer/Burnett Proposed Settlement mean for Wisconsin?

Product ID: CA3650R8
Presented By: State Bar of Wisconsin PINNACLE

Home turf

In March 2024, the National Association of Realtors (NAR) reached a settlement in a class-action lawsuit filed in Missouri federal court. Plaintiffs claimed that real estate commissions are too high, buyer’s agents are overpaid, and NAR’s MLS Handbook and Code of Ethics, along with corporate realty groups’ practices, resulted in inflated commission rates and anticompetitive rules.1 If approved, the settlement will go into effect mid-July.2  Some industry experts predict that the decision will lead to more affordable homes and lower costs for customers. But industry insiders have pushed back, pointing out that home prices are based on supply and demand and that compensation for realtors has always been negotiable.3 

Join Cori Lamont of the Wisconsin REALTORS® Association for What Does the NAR Sitzer/Burnett Proposed Settlement Mean for Wisconsin? to find out what real estate practitioners should know to handle transactions and offer sound guidance. 

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Pricing

Member $99.00

Non-Member $149.00

Credits

1 CLE

Date and Time

Monday, July 15, 202412:00 PM - 12:50 PM CT

Add to Calendar 7/15/2024 12:00:00 PM 7/15/2024 12:50:00 PM America/Chicago What Does the NAR Sitzer/Burnett Proposed Settlement mean for Wisconsin?

Home turf

In March 2024, the National Association of Realtors (NAR) reached a settlement in a class-action lawsuit filed in Missouri federal court. Plaintiffs claimed that real estate commissions are too high, buyer’s agents are overpaid, and NAR’s MLS Handbook and Code of Ethics, along with corporate realty groups’ practices, resulted in inflated commission rates and anticompetitive rules.1 If approved, the settlement will go into effect mid-July.2  Some industry experts predict that the decision will lead to more affordable homes and lower costs for customers. But industry insiders have pushed back, pointing out that home prices are based on supply and demand and that compensation for realtors has always been negotiable.3 

Join Cori Lamont of the Wisconsin REALTORS® Association for What Does the NAR Sitzer/Burnett Proposed Settlement Mean for Wisconsin? to find out what real estate practitioners should know to handle transactions and offer sound guidance. 

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Home turf

In March 2024, the National Association of Realtors (NAR) reached a settlement in a class-action lawsuit filed in Missouri federal court. Plaintiffs claimed that real estate commissions are too high, buyer’s agents are overpaid, and NAR’s MLS Handbook and Code of Ethics, along with corporate realty groups’ practices, resulted in inflated commission rates and anticompetitive rules.1 If approved, the settlement will go into effect mid-July.2  Some industry experts predict that the decision will lead to more affordable homes and lower costs for customers. But industry insiders have pushed back, pointing out that home prices are based on supply and demand and that compensation for realtors has always been negotiable.3 

Join Cori Lamont of the Wisconsin REALTORS® Association for What Does the NAR Sitzer/Burnett Proposed Settlement Mean for Wisconsin? to find out what real estate practitioners should know to handle transactions and offer sound guidance. 

Read More ↓

Cori M. Lamont is the Vice President of Legal and Public Affairs for the Wisconsin REALTORS® Association. As attorney and lobbyist for the association, Cori advocates on issues impacting real estate transactions, brokerage service, and private property rights. Cori co-authored Wisconsin Real Estate Clauses: Contingencies and Other Standard Provisions and serves on the State of Wisconsin Real Estate Contractual Forms Advisory Council. She is a former member of the Wisconsin Land Information Council and is a frequent speaker for events with the State Bar of Wisconsin. Cori received her B.A. from Southern Methodist University and her J.D. from Ohio Northern University. She is a licensed real estate broker and a member of the Association of Wisconsin Lobbyists and the State Bar of Wisconsin. 

  • Understand how real estate buyers and sellers’ agents have traditionally earned commissions
  • Explore the background and circumstances leading to the Sitzer/Burnett lawsuit
  • Review the details of the likely settlement in Sitzer/Burnett
  • Assess the settlement’s impact on buying and selling real estate in Wisconsin
  • Real estate lawyers
  • Title and closing attorneys
  • Landlord-tenant lawyers
  • General practitioners
  • Real estate agents and brokers 
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