THE LAW EVERYONE HAS BEEN TALKING ABOUT IS NOT A LAW WRITTEN BY ANY LAW MAKER IN ANY STATE! IT IS THE RESULT OF A COURT RULING NEGOIATED BY THE NATIONAL ASSOCIATION OF REALTORS ON BEHALF OF THEIR MEMBERS AS THE RESULT OF A CLASS ACTION LAWSUIT! IT WAS THE AGREEMENT MADE SO INDIVIDUAL MEMBERS WOULD NOT BE ON THE HOOK FOR THE PENALTIES. The NAR settlement came about following a federal class-action antitrust lawsuit, Burnett v. National Association of Realtors et al., initiated in Kansas City, Missouri.
NAR's $418M SETTLEMENT.
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