
NAR Agrees to Change Commission Rules in $418 Million Settlement
The National Association of Realtors (NAR) has agreed to settle a series of antitrust commission lawsuits, paying $418 million in damages and revising commission rules.

The National Association of Realtors (NAR) has agreed to settle a series of antitrust commission lawsuits, paying $418 million in damages and revising commission rules.

The National Association of Realtors® has been the center of attention for a year. That begs the question: how does NAR spend its member dues?

This week in BAM brings a new Biden housing initiative, a lackluster new ad campaign for NAR, a strong sell opinion on Zillow, prepping for decoupled commissions, 5 steps to choosing a geographic farm, and a new Instagram follower metric.

On Friday, March 1, 2024, in an email to its members, the National Association of Realtors (NAR) announced a new consumer-focused TV ad campaign. Byron Lazine and Nicole White react to the email and two of the commercials on The Real Word.

This week in BAM brings another California commissions lawsuit, the math behind keeping your pipeline full, a $2M listing from one letter, 3 steps to a standout listing video, a new BAM YouTube channel, and 9 relatable Instagram posts for content inspo.

HomeServices of America, along with three of its subsidiaries, have been dismissed by Judge Andrea Wood from the Batton 1 lawsuit filed by homebuyers.

Nykia Wright, Interim CEO for the National Association of Realtors (NAR), issued a statement to share the “real story” in response to a Wall Street Journal article criticizing the trade organization.

This week on The Real Word, Notorious ROB joined Byron Lazine to discuss the HousingWire debate between Michael Ketchmark and Anthony Lamacchia.

Utah has now joined the list of states with class action copycat lawsuits filed in the wake of Sitzer/Burnett. A Utah home seller, Dalton Jensen, filed a complaint on February 9, 2024 against the National Association of Realtors (NAR) and several real estate brokerages.

This week in BAM brings you the BAM Pro Bowl, a massive Homes.com marketing campaign, another drop in NAR membership, a HomeServices petition to the Supreme Court, Ryan Serhant takeaways, strategies to maximize listing opportunities, and more.

After the third consecutive drop in membership—and an annual drop of 2.1% in January—Lawrence Yun, Chief economist for the National Association of Realtors (NAR), is warning of further declines in membership over the next 24 months.

Keller Williams announced a settlement they’ve reached in the Sitzer/Burnett lawsuit for $70 million, cutting the number of defendants down to two: the National Association of Realtors (NAR) and Home Services of America.