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. 

Get in-depth insights from the NAR perspective on:

• The history behind the litigation
• A summary of the proposed settlement
• The details of the likely settlement 
• How the proposed settlement will impact residential real estate transactions in Wisconsin

Be ready for changes to buying and selling real estate post-settlement with What Does the NAR Sitzer/Burnett Proposed Settlement Mean for Wisconsin?

¹What does the Realtor commission lawsuit settlement mean for home buyers and sellers?

²Massive Realtor Lawsuit Settlement Will Change How Homes Are Bought and Sold

³Massive Realtor Lawsuit Settlement Will Change How Homes Are Bought and Sold

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.