Nevada REALTORS® president, Brandon Roberts Shares a litigation update:
The National Association of REALTORS® announced that a settlement agreement has been reached with the nationwide class-action plaintiffs, which if approved by the judge, will end the numerous lawsuits brought on behalf of home sellers related to broker commissions.
This agreement will resolve claims against the NAR, over one million NAR members, all state and local REALTOR® associations, as well as most MLS’s and brokerages.
On Behalf of Nevada REALTORS®, I am pleased that a settlement has been reached. Most assuredly, this is going to require adjustments in the way we do business. In coming days, more information, explanation and training will be provided. We ask for your patience and understanding as we navigate this new landscape, and appreciate your continued trust and support.
We are eager to move forward beyond these cases and to focus on our highest priority of continuing to represent and serve our clients with the highest professional competency and ethical standards.
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