The National Association of Realtors (NAR) faces criticism for its practices and transparency, with some labeling it a "cartel," following a federal antitrust suit loss.
The National Association of Realtors (NAR) faces criticism for its practices and transparency, with some insiders and critics labeling it a "cartel." Following a federal antitrust suit loss, NAR has introduced new commission rules. Critics argue Americans pay too much for buying and selling homes, with real estate commissions estimated at $100 billion annually. The NAR's control over information about homes for sale through multiple listing services (MLS) and the resilience of real estate commissions are key points of contention.
July 20, 2024
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