NAR is implementing changes based on brokerage feedback to improve member value and address evolving market conditions. Focus on communication, training, and the broker website. Aims for a new level of accountability.
REX's antitrust case against NAR & Zillow reaches the High Court. Meanwhile, a sex-related transgression legal action includes eXp executives and a Las Vegas Police Department investigation. Court intervention requested.
NAR shifts MLS rule-making to local levels, enabling reforms & open access. Local MLSs can create modern Codes of Participation, exceeding national standards for transparency & expert conduct. State laws also secure the public.
NAR unveils a 3-year strategic plan focusing on modernizing the organization, enhancing member experience through zero-based budgeting, actionable research, advanced tech, and addressing legal risks. Commitment to consumers and industry is also prioritized.
Batton 1 case faces class certification challenges due to overlapping buyer/seller roles. NAR, Anywhere, Keller Williams, and RE/MAX are accused of inflating buyer-broker commissions in an antitrust conspiracy.
Report reveals most buyer agents still charge commission based on home sale percentage, not fixed amounts. Customer agreement adoption varies. Post-NAR settlement, little change in commission rates.
Maurice Muhammad's case against NAR & Realtors was dismissed for failing to submit an appellate brief. Appeal renewal request pending. Case involves MLS access tied to Realtor membership & NAR's structure.
Brokerage leaders urge NAR to address key issues, improve transparency, and clarify its relationship with SCV for the benefit of its members. Independent admin is also needed.
NAR is undergoing restructuring efforts to restore trust, focusing on member success, strategic planning (2026-2028), and modernizing systems amidst industry pressures. Leadership welcomes feedback and input from stakeholders.
Zillow and NAR win lawsuit against REX, affirming transparency in real estate. Court upholds ruling that they didn't conspire to hide non-MLS listings. Questions about competition remain.
MLS PIN secures final approval for Nosalek settlement, resolving commission claims after 5 years. The case, alongside Sitzer/Burnett & Moehrl, prompts policy changes & DOJ scrutiny. Settlement: $3.95M.
Wright aims to boost NAR membership and value. The organization is undergoing strategic changes and executive re-engineering to better serve members and small business owners. Focus on diversity of revenue streams.
Homie is appealing the dismissal of its lawsuit alleging anticompetitive behavior and a boycott conspiracy by NAR, Anywhere Real Estate, Keller Williams, RE/MAX, and HomeServices of America due to low commissions.
Sue Yannaccone discusses adapting to real estate market changes, prioritizing consumer needs, agent value, and the impact of the NAR settlement. Focus on control and future.
Millions of insurance claims filed in real estate negotiation class, resulting in a $1.04 billion settlement fund. Approvals met with little resistance. Key brokerages and companies are involved.
Jacobi and Reffkin clash publicly over private listings, signaling industry change. Jacobi urges NAR to empower local MLSs. He cautions Compass's private network could backfire, but forecasts a stronger, decentralized NAR.
John Diaz sues NAR, alleging anticompetitive subscription fees violate antitrust laws. The suit challenges fees for non-Realtor licensees, claiming it hinders participation and disadvantages smaller brokerages.
