A series of recent legal battles indicates that the NAR’s legal challenges are far from resolved. What steps should they (and you) take next?
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Every week on The Download, Inman’s Christy Murdock delves deeper into the top-read stories of the week to give you the insights you need to tackle Monday head-on. This week: A series of new lawsuits highlight the ongoing legal challenges facing the NAR. What steps should they take next — and how can you protect yourself?
Despite the commotion surrounding the National Association of Realtors’ commission lawsuit settlement, which took effect in most markets on Aug. 17 and is set to be finalized in November, it’s just the beginning of legal troubles for the largest trade group in the country.
The organization recently announced plans to change its legal approach following the departure of Chief Legal Officer Katie Johnson. With challenges from consumers, the U.S. government, brokerages, and agents, is it too little too late for the NAR?
Last week, Pennsylvania broker Maurice Muhammad filed a $5.6 million lawsuit against NAR, Pennsylvania Association of Realtors, and Greater Lehigh Valley MLS over the requirement to be a Realtor to access the MLS.
Muhammad’s lawsuit follows one filed by two Michigan brokers and an agent in August against NAR, their state and local associations, and Realcomp II, their MLS.
These legal challenges coincide with lawsuits from consumers and the Department of Justice, as well as questions surrounding the trade group’s Clear Cooperation Policy and competition from startup associations like American Real Estate Association.
EXTRA: NAR rival seeks agents for possible class action over Clear Cooperation
As NAR strategizes its next moves, it’s crucial for you to protect yourself. As an agent, ask the right questions and stay informed. As a broker or team leader, be aware of your agents’ actions and communications.
This week, Inman contributors offer insights from both perspectives to empower you when engaging with buyers, sellers, and colleagues.
Brokers, you’re responsible for your agents’ conduct
With additional supervision requirements due to NAR’s settlement, compliance expert Summer Goralik provides tasks, policy ideas, and recommendations for updating your systems.
The new redlining: Paying a buyer agent is just part of the challenge
35 questions your next broker hopes you don’t ask
Whether you’re considering changing brokerages or joining a team, real estate expert Troy Palmquist emphasizes the importance of interviewing them as much as they interview you.