Real Estate/Development
Jan. 25, 2024
Real estate brokerages face billions in liability in 2024 due to centuries-old practice
Those interested in the real estate industry should follow the Burnett v. National Association of Realtors appeal closely. Depending on how it is decided, real estate brokerages affiliated with the NAR may find themselves facing ruinous liability from all angles.
The age-old industry of buying and selling real estate is changing before our eyes.
On Oct. 31, 2023, the Missouri federal jury in Burnett v. National Association of Realtors issued a $1.8 billion verdict – $5.4 billion if trebled – against the National Association of Realtors (NAR) and its members for violating antitrust laws.
While the NAR appeals, the plaintiffs’ attorneys in
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