Brokerages, MLSs Opt Into NAR Commission Settlement, Agree To Pay More Than $30M

(October 2, 2024, 12:01 PM EDT) -- KANSAS CITY, Mo. — A federal judge in Missouri in an Oct. 1 docket entry granted a preliminary approval of more than $30 million in settlements by brokerages and non-Realtor multiple listing services (MLSs) that are opting into the National Association of Realtors’ (NAR) settlement in a real estate commission class lawsuit accusing NAR and other real estate franchises of conspiring to artificially inflate the cost of commissions in residential real estate transactions....