The National Association of Realtors (NAR), along with real estate associations and brokerage companies Keller Williams and units of Warren Buffett’s Berkshire Hathaway, have jointly launched an effort to overturn a $1.8 billion verdict in a commission case. According to NAR spokesperson Mantill Williams, the verdict was erroneous and went against established precedent, logical reasoning, and evidence.
In their plea to U.S. District Judge Stephen Bough in Kansas City, Missouri, the groups are requesting for the dismissal of the Sitzer/Burnett case or alternatively a new trial. This move comes after a federal jury ruled in October 2023 that home sellers had been overcharged on commissions paid to agents representing buyers.
NAR’s headquarters in Chicago has stated that Judge Bough “misapplied applicable laws” which significantly influenced the jury’s incorrect decision.” Additionally this week saw Tracy Kasper resign from her newly appointed position as NAR president due to blackmail threats.
This article was originally published on Connect CRE.
