It might seem like the National Association of Realtors, which in the past few years has been the target of antitrust lawsuits and whose former president resigned in the wake of a sexual harassment scandal, is in crisis. Last year, a federal jury in Missouri found that the NAR, along with private brokerages, had colluded to keep broker fees artificially high and awarded nearly $1.8 billion to hundreds of thousands of home sellers. And on Friday, the NAR announced that instead of appealing it would settle the lawsuit. (Max Besbris is an associate professor of sociology at the University of Wisconsin-Madison and is the author of “Upsold: Real Estate Agents, Prices, and Neighborhood Inequality.” )
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