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.
At a Friday board meeting, a member of NAR's board of directors predicted "less authority" in 2024 as the embattled trade group's growing Executive Committee shoulders more responsibility.
The National Association of Realtors and some real estate firms have been told to compensate home sellers who claimed they had to pay agents too much fees.
NAR laid out its arguments to overturn the ruling Tuesday. The plaintiffs' attorney said if the trade group doesn't change, it risks an injunction and DOJ wrath.