Description

After an 11-day trial in the case of Burnett v. NAR et al, an eight-person jury in a Kansas City, MO, federal courtroom found NAR and other corporate defendants liable in the case.

NAR presented in court that its rules prioritize consumers, support market-driven pricing and promote business competition. NAR stands by the fact that its guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent and reliable home information and that brokerages of any size, service or pricing model get a fair shot at competing. NAR will appeal the jury's verdict. It may be years before this case is finally resolved.

As of now, the actual impact on real estate remains uncertain. The judge has yet to issue a judgement.

We urge you to join OCHAR and surrounding associations on November 20 for a virtual Town Hall meeting with Leigh Brown, who will provide insights into the lawsuit and what it means for Realtors®.