NAR's $52.25 Million Settlement Reduces Legal Exposure for Brokerages and MLSs

Brokerages and Multiple Listing Services (MLSs) face reduced financial exposure and uncertainty tied to ongoing homebuyer commission litigation. The National Association of REALTORS® (NAR) agreed to pay $52.25 million to resolve claims in the Tuccori et al. v. At World Properties et al class-action lawsuit. NAR will contribute the $52.25 million to the settlement fund over a multi-year period. The agreement extends protections to REALTOR® members, state and local اجلاسassociations, and eligible brokerages with a REALTOR® as a principal. The settlement requires continued compliance with practice changes established under the earlier Sitzer/Burnett agreement.