In October, the regional single-family closed median sale price was $706,000, marking an 8.6% year-over-year increase from $650,000 in October 2023.
The award was cited by the Hudson Valley Chapter of NYSCAR for the agents’ work in facilitating the sale of Eastgate Business Park in Goshen.
MTA CEO Janno Lieber and others expressed support for the lower tolling fee that the governor said would bring in the $15 billion to the MTA that the higher fee was projected to raise.
Eligible brokerages must have a Principal who is a member of NAR as of the date of class notice in order to opt in or be released.
CHICAGO—The National Association of Realtors is reminding brokerages with a residential transaction volume of more than $2 billion in 2022 and MLSs that today is the deadline to opt into NAR's Settlement Agreement that would resolve claims brought on behalf of home sellers related to broker commissions.
The Settlement Agreement is subject to final court approval, a hearing on which is scheduled for Nov. 26, 2024.
Brokerages with a residential transaction volume in 2022 that exceeded $2 billion, and all MLSs, including those wholly owned by Realtor associations and others (“non-Realtor MLSs”) are required to opt into the Settlement Agreement to obtain a release of liability.
State and local Realtor associations, individual NAR members and brokerages with an NAR member as Principal whose residential transaction volume in 2022 was $2 billion or below do not have to take any specific action to opt in to obtain a release of liability under the Settlement Agreement. However, they must abide by the terms of the Settlement Agreement.
Eligible brokerages must have a Principal who is a member of NAR as of the date of class notice in order to opt in or be released, and NAR members must be members as of the date of class notice in order to be released.
Instructions on how to opt in are below.
If you are a brokerage with a residential transaction volume in 2022 that exceeded $2 billion: Step-by-step instructions.
If you are a Realtor MLS: Step-by-step instructions.
If you are a non-Realtor MLS: Step-by-step instructions.
Following today’s opt in deadline, NAR's mandatory MLS policy changes implementing the settlement practice changes will take effect on Aug. 17, 2024.
Please visit facts.realtor for the latest updates on the Settlement Agreement. The full text of the Settlement Agreement can be found at:
https://cdn.nar.realtor/sites/default/files/documents/nar-settlement-agreement-download-2024-04-19.pdf
In October, the regional single-family closed median sale price was $706,000, marking an 8.6% year-over-year increase from $650,000 in October 2023.
The award was cited by the Hudson Valley Chapter of NYSCAR for the agents’ work in facilitating the sale of Eastgate Business Park in Goshen.
MTA CEO Janno Lieber and others expressed support for the lower tolling fee that the governor said would bring in the $15 billion to the MTA that the higher fee was projected to raise.
The FARE Act will undoubtedly lead to higher rents and reduced access to available rental listings for prospective tenants, exacerbating housing affordability challenges New Yorkers already face.
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