The second day of the Sitzer/Burnett trial included opening remarks from both plaintiffs and defendants, along with testimonies from Gary Keller (Keller Williams CEO), Gino Blefari (HomeServices of America CEO), and Bob Goldberg (NAR CEO).
Here’s a timeline of recent events and changes facing the National Association of Realtors® (NAR), along with its reactions.
A little more than a week before the Sitzer/Burnett class action suit goes to trial, NAR reversed course and said it’s now allowing listings with $0 for buyer compensation.
Anywhere has agreed to settle both class action lawsuits challenging the current system for buyer agent commissions. Other defendants, including the National Association of Realtors (NAR), RE/MAX, and Keller Williams are still set to go to trial.
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