Class Action Lawsuits
Update on the ongoing litigation involving NAR, RE/MAX, and Anywhere Real Estate.
As we approach the trial commencement on October 17, we want to address common questions, clarify recent settlements, and offer valuable tools to help you confidently navigate this critical phase. Read on to discover essential information that can benefit you and your team.
I. Litigation Fact Sheet
We’ve prepared a Litigation Fact Sheet to address common questions and concerns. This document serves as a valuable reference to clarify various aspects of the ongoing litigation. Feel free to share this resource with your team.
II. Pre-Trial Article in REALTOR® Magazine
We invite you to read and share an informative pre-trial article featured in REALTOR® Magazine. This article offers insights and context regarding the upcoming legal proceedings, highlighting the critical issues.
III. Explore competition.realtor
We strongly recommend visiting competition.realtor, a dedicated resource hub with essential articles, key points, videos, and infographics. These resources emphasize the value that REALTORS® and local MLS broker marketplaces bring to consumers. Additionally, you can access “Burnett Trial Updates” on this platform to stay informed about the latest news and developments.
IV. Trial Schedule
The trial will commence with opening arguments on Tuesday, October 17. It is anticipated to run through November 3, with the verdict expected during the week of November 6.
V. Understanding Settlements
Some members have expressed curiosity about the recent settlements involving Anywhere Real Estate (formerly Realogy) and RE/MAX. It is crucial to understand that these settlements do not alter the presentation of our case in court. Our commitment remains unwavering in demonstrating that NAR’s guidance for local MLS broker marketplaces ensures consumers receive comprehensive, equitable, and reliable home information. Furthermore, we assert that brokerages of all sizes, service levels, and pricing models are afforded a fair opportunity to compete. As a reminder, NAR membership has always been optional, and this aspect remains unchanged. Nevertheless, it underscores the importance of our collective effort to communicate and deliver the genuine value of REALTOR® membership.
For your convenience, here are some immediate resources that you can utilize and share as you address questions:
- How Member Dues are Utilized
- Maximizing Your Member Benefits
- MLS Information & Resources
- 3-Way Agreement
We maintain optimism that the jury will recognize NAR’s dedication to serving the best interests of consumers, with Article 1 of our Code of Ethics guiding our principles. We commit to keeping you informed with timely updates as the trial progresses.