By Ylice Golden|Published on 10/6/2023

NAR’s Civil Action Lawsuits Webinar

Civil Lawsuits:

NAR is still very confident that they will prevail as the facts are still on their side.
- Sept. 8: Pre-trial conference
- Oct. 13: Jury Selection
- Oct. 16: Trial Begins
- Nov. 6-10: Jury Verdict
- December: Bond
- 2024: Appeal
Appeal is expected win or lose at trial and the case will not be settled for years to come.
If NAR has to appeal, they will have to post a bond while they are appealing.
If NAR loses, they feel buyers, especially minority buyers, would lose out the most. It will become more expensive to purchase a home, especially since right now they cannot roll the buyer agent compensation into their mortgage.
Settlements are always an option, and if the right settlement comes along, NAR will look at it.
NAR is sheltering state and local associations from copycat lawsuits.

Encourage Our Members To:

Articulate their value proposition.
Local and state associations should help our members with their value proposition.
- Sites to use: www.realestatecommissionfacts.com, www.competition.realtor
  and point members to NAR’s 179 Ways Agents Who Are REALTORS Are Worth Every Penny of their Compensation.
- Members need to have the conversation on why the seller should pay for the buyer agent’s compensation.
- Buyers’agents should utilize buyer representation agreements.

NARs Class Action Lawsuits