New York’s Residential Market Faces NAR Deadline

August 14, 2024
When the National Association of Realtors (NAR) announced its proposed settlement and policy updates this spring, New York City’s residential real estate market largely shrugged. The city’s unique position stems from the Real Estate Board of New York (REBNY) not being part of NAR. Most major city brokerages are REBNY members, and their agents have downplayed the potential impact of the changes coming to NAR-owned MLSes. Brown Harris Stevens even noted in an April blog post that the settlement’s effect on New York City is expected to be minimal, if felt at all.
*Article courtesy of The Real Deal

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