Florida Realtors’ legal team will discuss the proposed NAR settlement of the antitrust litigation during a live online video meeting on Thursday. Realtors are encouraged to submit questions in advance. 

ORLANDO – Join the Florida Realtors® legal team on Thursday, March 28, at 10 a.m. for a discussion about proposed settlement agreement to the Sitzer-Burnett verdict. When registering, please submit your question to allow us to develop resources for you. Click here to register.

Background:  On March 15, 2024, the National Association of Realtors® (NAR) announced a proposed $418 million settlement agreement to the Sitzer-Burnett verdict that would end litigation of claims brought by home sellers related to broker commissions.

The agreement resolves claims against NAR, more than one million NAR members, state/territorial and local Realtor® associations, all association-owned MLSs and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. However, agents affiliated with HomeServices of America and its related companies – the last corporate defendant still litigating the case – are not released under the settlement, nor are employees of the remaining corporate defendants named in the cases covered by this settlement.

For more on the settlement, visit floridarealtors.org/NAR-Settlement.

© 2024 Florida Realtors®

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Author: amyc