Judge Stephen R. Bough granted preliminary approval to 13 brokerages and 15 MLSs opting into the NAR commission lawsuit settlement, contributing an additional $30.6 million.
By opting into NAR’s settlement, the 28 brokerages and MLSs directly support a resolution intended to address overarching concerns related to commission practices within the real estate industry.
The final approval for these additional settlements is scheduled for November 26, 2024, aligning with the final hearing for the National Association of Realtors' settlement.
The contribution of each participating party to the settlement fund was determined based on either the formula laid out in NAR’s original settlement or individual negotiations.
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