Posts from December 4th, 2023

The recent National Association of Realtors (NAR) lawsuits have been top of mind in the real estate world lately. Below is a brief overview from the Nebraska Realtors Association of what's been happening. 

Burnett Overview 

• The Burnett case is a class-action lawsuit that was filed in Missouri federal court by a group of Missouri home sellers. The National Association of Realtors (NAR) was named as a defendant in the case along with several corporate defendants.

• The plaintiffs argued that NAR's cooperative compensation rule amounted to a conspiracy to fix commissions paid by home sellers to buyer brokers. The rule, which is applicable to certain Multiple Listing Services (MLSs), requires listing brokers to specify the compensation being offered to b...

Click Here to Read More...