The National Association of Realtors gained final approval of its $418 million settlement with home sellers, marking a milestone in yearslong litigation over commission rules for real estate agents.
Judge Stephen R. Bough of the US District Court for the Western District of Missouri signed off on the deal at a Tuesday hearing after granting preliminary approval in April.
The settlement resolves claims in a case brought by home sellers related to broker commissions and releases NAR from liability in the litigation
Bough overruled some class members’ objections to the settlement, saying every member stands to gain from the deal, ...
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