This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Real Estate,
Antitrust & Trade Reg.

Mar. 28, 2024

Changes are coming, but real estate commissions may stay the same

The settlement includes practice changes that decouple the buyer’s commission payment from the sale of a home listed on NAR-affiliated multiple listing services. However, a loophole could allow agents to pursue commissions through bilateral contracts.

Tyler Sanchez

Partner, Salisian Lee LLP

Marius Mateescu

Associate, Salisian Lee LLP

Shutterstock

When we last examined this topic, multiple billion-dollar cases were being filed across the country after the Missouri federal jury in Burnett v. National Association of Realtors issued a $1.8 billion verdict against the National Association of Realtors (NAR) and its members for violating antitrust laws. Due to these various matters, experts predicted that the industry was facing annual liability reaching over $30 billion.

Subscribe

Already a subscriber?

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)