Throughout the previous year, the real residential or commercial property industry has actually experienced disruption on lots of fronts. In addition to heightened rate of interest, recessionary economy and absence of inventory, 2 significant problems have woven themselves into practice of the property expert and the culture of the National Association of REALTORS ®. Those concerns are the continued lawsuits of class action lawsuits and the accusations of sexual harassment/hostile work environment/cultural degeneration connected to the National Association of REALTORS ®

. Monmouth Ocean Regional REALTORS ® thinks in full openness, and we are devoted to make sure our members are kept abreast of the status of these issues in addition to the advantages of membership and the evolution of Buyers Agency. MORR is offering the information listed below to assist our members inform themselves and navigate through concerns throughout this duration.

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NAR News

Wednesday, April 24, 2024

Court Grants Preliminary Approval of NAR Settlement

MLSs and brokerages seeking to be released under the settlement arrangement must act by June 18 ... READ ON

Thursday, March 21, 2024

An Update on NAR's Proposed Settlement Agreement

NAR President Kevin Sears shares an upgrade on the association's settlement arrangement to deal with home seller lawsuits and highlights NAR's continuous work to promote for members and customers. Watch the video here.

Tuesday, March 19, 2024

Correcting the Record: NAR Does Not Set Commissions

Following recent mistakes in media coverage, including the incorrect representation or idea that the National Association of REALTORS ® (NAR) requires a standard 6% commission, NAR has issued the following declaration

CHICAGO (March 19, 2024) - The National Association of REALTORS ® (NAR) does not set commissions - they are flexible. The rule that has been the subject of litigation needs just that listing brokers interact a deal of settlement. That offer can be any amount, consisting of no READ ON

Friday, March 15, 2024

National Association of REALTORS ® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers

CHICAGO (March 15, 2024) - The National Association of REALTORS ® (NAR) today announced an arrangement that would end litigation of claims induced behalf of home sellers connected to broker commissions. The arrangement would deal with claims against NAR, over one million NAR members, all state/territorial and regional real estate agent ® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a property transaction volume in 2022 of $2 billion or listed below ... KEEP READING

January 8, 2024

NAR President Tracy Kasper Resigns