Published by Peter Zalewski
8/21/2024 
8:29:27 PM 
Juana Watkins is the general counsel for the Florida Realtors association, which has some 238,000 members in the sunshine state. (Image courtesy of YouTube)
lorida’s residential real estate industry forever changed this week with the implementation of rule modifications resulting from the National Association of Realtors® $418 million settlement of “antitrust claims.”
The changes – which are the result of “claims brought on behalf of home sellers related to broker commissions” – went into effect throughout the country on Aug. 17, 2024, for the more than 1.5 million-member organization, according to an NAR statement.
The repercussions are huge in Florida where the statewide association has some 238,000 members. Of that, more than 60,000 members belong to the Miami Association of Realtors® and an additional 42,000 members are part of the Broward, Palm Beaches & St. Lucie Realtors® association.
Condo Market Inventory Tracker
A Snapshot Of South Florida Vintage Condos
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 15,388 | 8.2 |
| Luxury Condos | 985 | 9.1 |
| Shortsales | 19 | 12.1 |
| REOs | 98 | 5.8 |
| Rentals | 12,874 | 3.7 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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For a free consultation, please contact the South Florida Condo Experts
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