Arizona
What will the National Association of Realtors settlement mean for Arizona homebuyers?
Report finds Americans are optimistic about buying a home in 2024
After years of feeling priced out of the market, potential homebuyers are feeling optimistic again, according to a new report.
Scripps News
A national $418 million settlement proposal over real estate commissions could drastically change how much homebuyers pay agents.
Under the National Association of Realtors deal, which needs federal court approval, the group with more than 1.5 million members has agreed to prohibit listing agents from offering buyer brokers compensation.
The case centers around an alleged practice called steering, which involves buyer agents guiding their clients to homes for sale on which they would receive the biggest commissions.
“This is the end of traditional real estate commissions,” said Greg Hague, the CEO and founder of 72SOLD. “It needed to happen. Consumers have spoken, and steering is absolutely happening.”
He gave an example of a $6 million Paradise Valley house that was on the market last year. The seller agreed to a $100,000 buyer agent fee. That’s less than half the 5% to 7% typical commission, which is often split between the buyer and seller agents.
The agent with the listing couldn’t get any showings, Hague said.
Hague said the listing agent was contacted by other real estate agents who required a 3% commission to show the house to buyers. The seller agreed to pay 3%, and the house quickly had 16 buyers looking at it, he said.
Attorneys from Hagens Berman Sobol Shapiro, the law firm that led the lawsuit against the Realtors group, say the settlement could save consumers billions of dollars a year in broker fees.
The National Association of Realtors continues to deny wrongdoing.
The settlement deal also calls for buyer brokers to have representation agreements that spell out the compensation they will receive from clients.
“We settled the NAR suit because it would have been more costly to keep fighting it. People don’t like Realtors,” said Christa Lawcock of Realty Executives. “But it’s the lawyers who win, not the first-time homebuyers.”
She said buyers without the money to pay commissions won’t have any representation and won’t get help negotiating a price or asking for home improvements or receive the recommendations for appraisers and mortgage brokers that agents can provide.
If the settlement is approved in court, the new rules could go into effect this year.
It’s not clear if this settlement will impact a similar lawsuit filed by an Arizona home seller against the state’s biggest Realtor associations and more than a dozen of its biggest residential brokerages.
Lawyers for Joseph Masiello, who filed the Arizona class-action complaint in January, didn’t respond to questions about the case.
The National Association of Realtors suit is the second settlement over commissions. Last fall, a jury ruled in favor of Missouri plaintiffs over real estate commissions, awarding them $1.8 billion.
Bobby Lieb, associate broker with Launch Powered By Compass, said the settlement doesn’t bother him.
“People selling million-dollar homes will pay experienced real estate agents to sell them because they end up making more money,” he said.
But he said commission issues are driving out inexperienced real estate agents who got into the business during the pandemic housing boom.
Hague said buyers who can’t pay a real estate agent out of pocket can negotiate an agent fee and roll it into their mortgage.
Tougher to purchase: New ranking says Arizona now among least affordable states to buy a house
Reach the reporter at catherine.reagor@arizonarepublic.com or 602-444-8040. Follow her on X, formerly Twitter: @CatherineReagor.
Arizona
New tech measures Arizona winter snowmelt
For the first time, researchers are taking to the skies to quantify Arizona’s changing snowpack, and results from these new operations are in. FOX 10’s Megan Spector reports.
Arizona
Breakout Arizona RB Set for Bigger Role in 2026
The weather in Tucson has gotten warmer, and the days are getting longer, meaning one thing: football season has returned to the delight of Arizona fans everywhere.
Spring football practice began a little over a week ago, and the Wildcats are looking to build off of an impressive season that saw them go 9-4, finish as the 21st-ranked team in the NCAA, and earn an appearance in the Trust & Will Holiday Bowl.
Although it is just spring practice and full pads haven’t been worn yet, Arizona is looking like a strong team, and as teammates continue to gel over the months, it will only get better.
The running back position group is greatly benefiting from having four returning players and a new coach in Lyle Moevao, who is already familiar with the Wildcats and how head coach Brent Brennan and offensive coordinator Seth Doege like to run things.
Quincy Craig was a part of a three-running back committee that had all the makings of an elite-level backfield. Now that Ismail Mahdi is gone and preparing for the NFL Draft, he and Kedrick Reescano are the team’s veterans and will see a lot more carries throughout the season.
Craig’s Initial Growing Pains in First Year With Arizona
In his first season with the Wildcats, Craig established himself as an all-purpose back who can scorch a defense, both on the ground and through the air. The 5-foot-10, 195-pound Sacramento State missed just one game and racked up 364 yards on 65 carries (5.6 yards) while also snagging 14 receptions for 114 yards,
Although transferring to a new team and getting acclimated to another offense may seem like a huge burden, Craig actually got used to it quickly, and it showed on the field. Now that he is in his second year, he is fully used to the ‘RedLine’ ways and credits the coaching staff and players for the smooth transition.
“I think the coaching staff does a really good job at keeping everybody together, and the team also does a good job at accepting everybody,” Craig said. “I actually do think that we have the potential to be another really close team, and I think that’s going to benefit us in the fall.”
Craig Taking Time To Get Back to Full Health
The 2025 season took a toll on Craig’s body. An undisclosed injury even sidelined him in Arizona’s week 11 game against Baylor. Craig is listed as limited in spring practice, meaning he is taking all the necessary steps to rehab any lingering injuries so he will be 100% by the time summer camp rolls around.
“It’s definitely been a grind,” Craig said. “We each have our ups and downs, and I think this is something to where, how can we be of value for the team through our own injury or through our own circumstances right now?”
Craig Accepting Leadership Role
Now that Craig is considered one of the veterans of the running back room, Moevao challenged him and Reecano to take on more of a leadership role with the second-year players Wesley Yarbrough and Cornelius Warren.
Craig feels that the coaches have done an exceptional job in letting him speak and share advice with the younger players, which allows him to be a role model on the field.
“I think our coaching staff does a really good job at letting us have the opportunity to talk and speak out about it,” Craig said. “I’m definitely taking this role of trying to, ‘how can I be of value?’ That’s the main thing that I’m really trying to step up… As of right now, it’s me trying to vocalize and become more of a leader into the situation. Just trying to take it day by day.”
Arizona’s spring practice will run through April 22, giving Craig about a month to fully rehab any lingering injuries. Until then, he will continue to be a vocal leader and help the running back room improve.
Arizona
Arizona’s Tommy Lloyd keeping mum as UNC rumors swirl: ‘Nothing is distracting me’
INDIANAPOLIS — Give Tommy Lloyd credit. The Arizona coach isn’t budging despite rumors he could leave the Wildcats for the vacant North Carolina job.
All along, Lloyd has said his only focus is on leading top-seeded Arizona to a national championship, offering no hints about his future plans.
That didn’t change Thursday.
“Listen, I’ve got my full focus on this team. Nothing is distracting me,” Lloyd said. “That’s just how I’ve decided to approach it.“I’m a simple guy. I am kind of just one thing at a time. I’m not a multitasker. You can ask my wife. I’m 100 percent locked in on Arizona basketball right now, and I’m excited to see what this team can do.”
Arizona is back in the Final Four for the first time in 25 years. Lloyd, the former Gonzaga assistant coach, has led the Wildcats to a 145-38 record in five seasons.
Lloyd drew headlines last weekend after Arizona won the West Region, saying, “Arizona is going to have another good coach after me. I promise you.”
Pressed on the matter earlier this week, Lloyd became somewhat combative.
“You might call them ‘distractions,’ but it’s because you’re distracted,” he told reporters. “That doesn’t mean I’m distracted or we’re distracted.”
Lloyd has yet to say he’s not interested in the North Carolina job or that he will return to Arizona.
Michigan point guard Elliot Cadeau was taken to a hospital Wednesday before the Wolverines left for the Final Four after suffering an allergic reaction from accidental nut exposure.
The junior was with the team Thursday, expected to practice later and play Saturday against Arizona in a matchup of No. 1 seeds. He called it “minor,” not nearly as bad as a similar allergic reaction he had as a kid.
“Very unfortunate for him to have to go through that. If it’s the worst thing that happens to us, then we’re very blessed,” Michigan coach Dusty May said.
The West Orange, N.J., native is averaging 10.2 points and 5.8 assists for Michigan.
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