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NAR Litigation

Burnett vs. NAR

In the case of Burnett v. NAR et al, on Tuesday, Oct. 31, the jury found NAR and the co-defendants liable. The plaintiffs claimed real estate commission rates are too high, buyer brokers are being paid too much and that NAR rules and corporate defendants’ practices lead to set pricing.

NAR Position

In response to the marketplace, NAR has developed guidance for local MLS broker marketplaces that supports consumers getting comprehensive, equitable, transparent and reliable home information while brokerages of any size, service or pricing model get a fair shot at competing. The result is an efficient model for brokers to serve sellers and buyers and to enable market-driven pricing and buyer representation for consumers. REALTORS® adhere to a strict Code of Ethics and bring incredible expertise to guide consumers through the financial, legal and community complexities of buying or selling a home.

Marki Lemons Ryhal Discusses the Case

Potential outcomes with NAR Chief Legal Officer Katie Johnson

Business Partners & Associated Vendors

CMCAR
New Jersey Realtors   National Association of Realtors
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS
and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR holds membership.
CMCAR
New Jersey Realtors   National Association of Realtors   Home Ownership Matters
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS®
and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.
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