Northern Michigan Realtors Emphasize Transparency and Good Faith Amidst $1.8 Billion Real Estate Lawsuit
Traverse City, Michigan – A recent $1.8 billion real estate lawsuit has sparked discussions about potential changes in the way real estate transactions are conducted. In the case of Sitzer v. The National Association of REALTORS® (NAR), the initial judgment ruled in favor of home sellers against NAR and several major brokerages, alleging conspiracy to artificially inflate agent commissions. While the lawsuit is being appealed, the possibility of a different fee structure for agents has emerged. This could include options such as decoupling the fees or implementing a fee-for-service or referral fee model. Local real … Read more