"Filed in late June 2025, the Cwynar suit claimed that policies the National Association of Realtors (NAR) had in place prior to its settlement business practice changes going into effect in August 2024 resulted in buyers paying inflated commissions. In addition to Real, the other defendants named in the lawsuit included Realty ONE Group, Realty ONE Group Excel, Vanguard Properties and The Agency. In October, the Cwynar suit was combined"
"with six other lawsuits, including the Tuccori homebuyer commission lawsuit, which was originally filed in late 2023 and named At World Properties as its only defendant. Two defendants in the combined lawsuit, Fathom and HomeSmart, are contesting the consolidation. Later in October, preliminary settlement agreements were reached with 11 defendants in the consolidated lawsuit. The settling brokerages, which include @properties, Baird & Warner, Real Estate One, Silvercreek Realty Group, Equity Real Estate, NextHome, Realty Executives,"
Late June 2025 filings allege that National Association of Realtors (NAR) policies in place before business practice changes effective August 2024 caused buyers to pay inflated commissions. The Cwynar suit named Real, Realty ONE Group, Realty ONE Group Excel, Vanguard Properties and The Agency as defendants. In October the Cwynar suit was consolidated with six other suits, including the Tuccori homebuyer commission suit originally filed in late 2023 against At World Properties. Fathom and HomeSmart are contesting the consolidation. Preliminary settlement agreements with 11 brokerages created a combined fund of over $3.2 million. Real previously settled related seller commission suits for $9.25 million.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]