Barbara Corcoran Issues Statement, Warning on NAR Settlement lolita, 15/07/2025 A landmark $418 million class action settlement from the National Association of Realtors (NAR) is set to change the way real estate agents are paid and shake up the industry at large. The agreement, which was finalized on Friday, takes effect in July and begins with class-action lawsuits accusing the Realtors of having too much power and a monopoly over Americans trying to sell their homes. In part, the NAR settlement removes rules on sales commissions for brokers and agents, meaning that the standard 6% starting commission rate no longer exists. The settlement only affects buyer and seller agreements, though, so renters may still have to pay broker fees when looking for a new unit. In a statement, NAR denied any wrongdoing. “NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers,” said Nykia Wright, interim CEO of NAR. “It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals.” Meanwhile, real estate titan Barbara Corcoran is sounding off on the news and how it could potentially make or break many real estate agents’ careers … Continue Reading