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Judge Approves NAR Settlement in Sitzer/Burnett Case

The National Association of REALTORS®’ (NAR) settlement resolving antitrust claims brought against them and others in the Sitzer/Burnett case has been granted final approval. The court heard from all parties as well as objectors and the Department of Justice. Once arguments concluded, the court quickly ruled to grant final approval. The court is expected to soon issue a formal written order.

The settlement makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule). For complete information on the settlement and the approval order once available, click below.

October QuickStats: Existing-Home Sales Drop Despite More Choices

U.S. existing-home sales unexpectedly slipped 1.0% month-over-month and 3.5%

year-over-year to a seasonally adjusted annual rate of 3.84 million, the lowest level

in more than a decade, according to the National Association of REALTORS®

(NAR). Prospective buyers have pulled back in recent months, despite lower

mortgage rates and more home choices compared to the same time last year.

Click below to view or download the October QuickStats, featuring easy to read and shareable statistics for 6 local counties.

For a detailed report with stats, graphs, and a summary, click on NEXUS Monthly Indicators.

Dos and Don'ts When Working With Buyers

Stay informed on best practices with this member resource from the National Association of REALTORS® (NAR), outlining the do's & don'ts when working with buyers under the latest settlement guidelines. This resource will help you implement the practice changes to ensure your business aligns with the settlement, your ethical duties, and the best interests of consumers.

Please continue to follow facts.realtor for updates on how to navigate the settlement and practice changes, and resources to help you continue to deliver valuable support throughout the homeownership process.

Membership Renewal Deadline is January 1st, 2025

Please be sure to renew your REALTOR® membership by January 1st to keep the benefits that make NEXUS your ultimate professional connection.

The economy has changed, the industry is changing, but NEXUS remains dedicated to supporting your professional success. The last time NEXUS increased local membership dues was 2014. In 2025, we’re still not increasing them.

Thank you for placing your confidence in NEXUS to continue to serve your REALTOR® needs into 2025 and beyond!

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