As of August 17, the “class notice” has likely begun reaching consumers. Real estate professionals should be prepared to respond to inquiries.
This notice is part of a court-approved process informing home sellers (who sold a home through an MLS in the U.S. during the eligible dates and paid a commission) about NAR’s proposed settlement of the Sitzer-Burnett case. Notices are being sent via mail and electronically, outlining the rights and options available to class members.
Consumers might have already received notices from other brokerage settlements, but this one specifically addresses NAR’s settlement.
It’s important to note that NAR does not manage the class notice process. If consumers have questions, direct them to the settlement website or the settlement administrator at 888-995-0207. NAR members should avoid providing further advice on the matter.