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On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
The total commission would be $18,000, with each agent taking half, or $9,000. If you figure on making a 10% down payment — $30,000 — nine grand more is a lot of extra money most buyers don ...
In the meantime, real estate agents across the nation will have to adopt to new changes that could potentially reduce the commission that home sellers are asked to pay.
August 12, 2024 at 4:18 PM. Biggest shakeup in a century set to hit real estate agents this week: Here’s how they’re preparing. Realtors across the US are bracing for a seismic shift in the ...
NAR’s rule changes stem from a series of lawsuits that accused the powerful trade organization of keeping commissions artificially high by forcing home sellers to pay out commissions to agents ...
Real estate commissions survived the rise of the Internet and decades of attacks from disruption-minded discounters. Now, finally, they might be coming down. A federal lawsuit has forced changes ...
Real estate attorney Douglas Miller argued real estate commissions were artificially inflated. Now, times are changing, thanks to a lawsuit that he got the ball rolling on.
A change to the real estate commission structure is shaking the industry — and homebuilders and consumers appear to be the winners. This week, Compass ( COMP) agreed to pay $57.5 million to ...