A $418 million settlement that will change the way Americans buy and
sell homes forever has received preliminary approval from a federal
judge. The National Association of Realtors (NAR) was accused of
artificially raising commissions by enabling brokers to collude on
sales. Homeowners who sold properties in the last 7 years may now
qualify for a payout, though they must submit a claim
by May 9, 2025. Eligible sellers must have listed the home on a
multiple listing service (MLS) and paid a commission to a real estate
brokerage. The NAR — which has 1.5 million members — will begin
implementing sweeping rule changes to the way their agents operate
beginning in September.
July 27, 2024
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On This Day
1909 - Orville Wright set a record for the longest airplane flight. He was testing the first Army airplane and kept it in the air for 1 hour 12 minutes and 40 seconds.
Fact of the Day
Motorcycles in China are required by law to be decommissioned and destroyed 13 years after registration, regardless of their condition.
Nature Oddities
Nicknamed “sea parrots,” Atlantic puffins spent most of their lives out at sea, flapping their wings up to 400 times a minute and speeding through the air at up to 55mph.
Food and Drink
Yubari King cantaloupes can cost as much as $27,000. They are expensive because of the extreme cultivation process, which includes inspecting them by hand. They are exceptionally sweet, fragrant, and indulgent.