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It is our top priority to ensure we begin planning to adapt to all necessary changes that would stem from the final settlement. As part of this process, CRMLS executives and the Board of Directors met on March 25 to discuss how to accommodate final settlement requirements.
Real Estate Professional, Budge Huskey, does a solid job at defining the truth
behind common media misconceptions in this timely article.
No, NAR has been discussing settlement options since before the trial began.
To appeal would have required NAR to post a $5.4 billion bond, which they did not have the resources to provide, and could lead them to Chapter 11 bankruptcy. It also would’ve left all MLSs and brokerages named in copycat lawsuits to fend for themselves.
NAR will pay $418 million over the next four years and is working on how to remit that payment without interrupting the tools, resources, and advocacy its members depend on.
As of now, NAR has announced these pending rules changes:
The process will take months, but we anticipate final approval by the end of the year.
NAR will not be changing the membership dues for 2024 or 2025.
No, the settlement does not restrict advertising off of the MLS
For more information from NAR on the proposed settlement visit