Tag: my realtor
4 ways buying a home in D-FW may change after landmark Realtors settle
The way homes are bought and sold in the Dallas-Fort Worth metroplex may change if a $418 million settlement reached by the powerful National Association of Realtors last week holds up.
The settlement changes several rules that lawsuits allege forced sellers to pay artificially inflated prices to sell their homes. It could mean the end of the 6% commission. The agreement must be approved by a federal judge.
The NAR will no longer require a broker advertising a home on the Multiple Listing Service to list or offer any upfront compensation to a buyer’s agent. Offers of compensation can be
House hunters in tough spot after Realtors’ commission settlement – Orange County Register
The National Association of Realtors’ legal settlement upends the traditional model of sellers paying for the buyer’s agent in a home purchase.
The agreement has the potential to save home sellers billions of dollars every year, but could also complicate purchases for buyers.
The NAR, the largest trade group representing residential real estate agents, agreed to pay $418 million over four years to settle claims that the group and its members engaged in uncompetitive practices that forced sellers to compensate agents who brought buyers to the closing table.
“There are valid positions on both sides, and this is the way
