Posted on Mar 17, 2024
A major settlement could spell an end to 6% real estate commissions
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https://www.npr.org/2024/03/15/ [login to see] /realtors-commission-real-estate-housing-buyer-seller-settlement
The National Association of Realtors has reached a nationwide settlement that could change the way real estate agents are compensated. Critics say the current system artificially inflates agents' commissions.
The National Association of Realtors has reached a nationwide settlement that could change the way real estate agents are compensated. Critics say the current system artificially inflates agents' commissions.
A major settlement could spell an end to 6% real estate commissions
Posted from npr.org
Real estate
Housing
Home
Posted 9 mo ago
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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The legal entity should sue their own organization for charging 30, 40, and 50% fees against the settlements they achieve for their clients.
The Missouri home sellers who sued the National Association of Realtors (NAR) were represented by Cohen Milstein. Cohen Milstein is recognized as one of the largest and most diversified plaintiff-side litigation firms in the country — with over 100 attorneys in offices in Washington, DC, New York, Philadelphia, Boston, Chicago, Minneapolis, Palm Beach Gardens, and Raleigh.
The current award to the Cohen Milstein firm on the NAR claim is 418 million dollars that claimants will not share.
The Missouri home sellers who sued the National Association of Realtors (NAR) were represented by Cohen Milstein. Cohen Milstein is recognized as one of the largest and most diversified plaintiff-side litigation firms in the country — with over 100 attorneys in offices in Washington, DC, New York, Philadelphia, Boston, Chicago, Minneapolis, Palm Beach Gardens, and Raleigh.
The current award to the Cohen Milstein firm on the NAR claim is 418 million dollars that claimants will not share.
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