NAR Lawsuit Explained: What Does This Mean for Real Estate Agents?

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In a landmark verdict, a Missouri court found the NAR and two brokerage firms, Homeservices of America and Keller Williams Realty, liable for $1.8 billion in damages for conspiring to keep commissions artificially high. This decision could potentially revolutionize the real estate industry by challenging the traditional commission structure.

The plaintiffs argued that NAR's requirement for commission sharing inflated prices, and the court agreed. For years, the standard commission has been around 6%, with a 3% split between the buyer's and seller's agents. In this video, I'll discuss what this means for homebuyers and Realtors.

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