There are no funds under NAR’s policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.
Source: Inman News
NAR: Commission suit insurance coverage ran out ‘some time ago’
Published in antitrust, Chubb, commission suits, cooperative compensation, lauren brinkman, Lesley Muchow, liability insurance, MLS, MLS & Associations, mlss, moehrl, NAR, national association of realtors, participation rule, phoenix realtors, Realtor associations, rob hahn, Select and sitzer/burnett
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