Understanding the NAR Settlement for Buyers and Sellers
AuthorAmanda Dodge. Date:
In March 2024, the National Association of Realtors (NAR) agreed to pay $418 million in damages in a class action settlement while promising to change home sale rules that were deemed unfair to buyers and sellers. The new changes were enacted in August 2024, with buyers, sellers, and Realtors trying to figure out how the new rules will affect them. If you are preparing to enter the real estate market, it’s important to know what is changing. Some agents are still waiting to see how this settlement pans out while others are immediately making adjustments. Asking the right questions and being informed about the suit can help you navigate the home sale or purchase effectively. Here’s an overview of the NAR settlement for buyers and sellers. Understanding the NAR Settlement for Buyers One of the biggest changes that buyers will notice is the introduction of the buyer agreement. Some agents … Continued
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