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2024 was undeniably one of the most consequential years in the history of the real estate industry. Significant changes and challenges, from commission lawsuit settlements to DOJ scrutiny, reevaluations of industry practices, and more, made it a year that has left agents seeking stability and guidance.
Now is the time for Inman readers to choose the most consequential industry news story of 2024. Vote for your pick in Inman’s Sweet 16 bracket from Dec. 16-19 to determine the news that had the biggest impact last year.
Bracket 1: Commission lawsuits settlement vs. DOJ
“NAR agrees to sweeping changes in $418M commission settlement”
By Taylor Anderson
One of the standout events of 2024 was the National Association of Realtors’ $418 million proposed settlement of antitrust commission lawsuits, bringing about a series of industry practice changes that had to be implemented by Aug. 17, 2024. The settlement fundamentally altered the roles of real estate professionals and affected consumer perceptions of the industry.
“NAR breaks silence on DOJ call to decouple commissions”
By Andrea V. Brambila
The Department of Justice’s scrutiny of NAR reached a peak in 2024, leading to the association having to adjust its policies, including decoupling commissions. The ongoing impact of the DOJ’s influence continues to be felt as NAR reevaluates its policies like the Clear Cooperation Policy.
