Commission Lawsuit Uncertainty: A Guide for Agents
Expert Advice from NAR President Tracy Kasper
The recent verdict in the Sitzer/Burnett commission lawsuit has left the real estate industry in a state of uncertainty. The National Association of Realtors (NAR) and four major real estate brokerages, accused of inflating commission rates, are facing a $6.2 million judgment. NAR president Tracy Kasper, expressing disappointment at the verdict, plans to appeal the decision. This article provides a comprehensive report on the lawsuit and shares Kasper’s guidance to help agents navigate this challenging situation.
Implications of the Verdict
Agents are grappling with the aftermath of the Sitzer/Burnett commission lawsuit. Understanding the verdict and its implications is crucial. The lawsuit alleged that the NAR and four major real estate brokerages conspired to inflate commission rates, leading to the judgment against them. This landmark decision has sent shockwaves through the industry, leaving agents uncertain about the future of their business.