With the numbers showing a slight dip in commission percentages, one might assume the impact of the NAR settlement is minor. However, agents are discovering that the challenges are about more than just the amount of commission they are earning.
After a drawn-out legal battle, Howard Hanna Real Estate Services has reached a settlement in the Gibson commission lawsuit.
A court notice filed on Friday stated that attorneys for Howard Hanna Holdings Inc. and the plaintiffs had reached “an agreement in principle” to settle all claims against the Pittsburgh-based brokerage.
The real estate industry and The New York Times have not been on good terms for a while now. Although the mutual disdain began with the Times’ 2023 expose of alleged widespread sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), things really began to heat up with the Times’ coverage of the commission lawsuits.