Lessons from the National Association of Realtors settlement for the 2024 election ...Middle East

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Lessons from the National Association of Realtors settlement for the 2024 election
source : The Hill ( Middle East ) () 45
A couple of weeks ago, the National Association of Realtors agreed to settle more than a dozen cases alleging that the organization and brokerage firms associated with it violated antitrust laws by setting industrywide standard commissions, paid by sellers of homes. The NAR agreed to pay $418 million in damages and adopt a new business model. If a federal judge approves the settlement, commissions — currently set at 5 to 6 percent of the sale price of a home, in contrast to 1 to 3 percent in other countries — could come down by about one-third, bringing home costs down with them. The little-known backstory to the settlement underscores the profound differences between the Trump and

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