Apr 23, 10:23 AM

Judge Approves $418M NAR Settlement, Changes to Benefit Sellers and Buyers in July

A US federal judge in Missouri, Judge Stephen Bough, has granted preliminary approval to a significant antitrust class-action settlement involving the National Association of Realtors (NAR). The settlement requires NAR to pay $418 million and mandates changes to how homes are bought and sold in the U.S., with these changes expected to take effect in July. These changes are expected to particularly benefit sellers of high-priced homes and help homebuyers save thousands of dollars. The final approval hearing for this settlement is scheduled for November 26.

#US #Missouri #Stephen Bough #National Association of Realtors

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