Hanna Holdings reached a settlement with the plaintiffs in the Gibson v. National Association of Realtors lawsuit, a “copycat” Sitzer-Burnett lawsuit which alleged the defendants violated antitrust laws when they participated in the National Association of Realtors’ multiple listing services and cooperative compensation rule.
While just under half of the real estate agents surveyed by Redfin for its 2025 Industry Survey said their buyer’s agent commission has remained the same since the National Association of Realtors settlement changes took effect, just over half expect those commissions to decline this year. And two out of five agents said the settlement changes negatively impacted their business.
The National Association of Realtors (NAR) will continue its Clear Cooperation Policy (CCP) for its multiple listing service participants, but it also announced a new policy that introduces a new category of exempt listings.
NAR said it spent months reviewing the CCP, which has been the subject of court battles with both competitors and the Department of Justice.
A recent report revealed real estate buyer agent commissions in the fourth quarter basically held steady from the third quarter, when the new National Association of Realtors (NAR) commission rules went into effect. Still, three in four agents are concerned they will see their commissions decline.
In a Dec. 10 filing with the U.S. Supreme Court, the Department of Justice contended it never told the National Association of Realtors that it was permanently closing its investigation into the organization.
As expected, the U.S. District Court for the Western District of Missouri granted final approval of the National Association of Realtors (NAR) settlement agreement related to its cooperative compensation rule.
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