Is NAR a net-positive? It depends if you ask an agent or a broker: Intel

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively. Continue reading

Will lawsuits end 6% commissions? Probably not, 1 law professor says

A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference. Continue reading

NAR President Kevin Sears sells brokerage to Anthony Lamacchia

Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week. Continue reading

President Kevin Sears pulls back curtain on changes ahead for NAR

On the “Real Estate Insiders Unfiltered” podcast Tuesday, Sears said interim CEO Nykia Wright has agreed to extend her contract through the end of 2024 as NAR executives focus on the road ahead. Continue reading

An anticipated settlement still shocks the real estate industry

Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes. Continue reading

NAR breaks silence on DOJ call to decouple commissions

Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading

NAR hits back following ‘external commentary’ critical of the group

NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the U.S. Department of Justice wants big changes in real estate. Continue reading

NAR halts ‘presidential initiatives’ for next 2 years amid turmoil

The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. Continue reading

NAR president: The DOJ is a ‘bigger problem’ than $1.8B Sitzer verdict

In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it “forced down our throats.” Continue reading

NAR president sidesteps palace intrigue in 1st address to members

Newly installed NAR President Kevin Sears will remain in position for nearly two years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business. Continue reading