The hefty commissions home sellers pay to real estate agents may soon disappear

The long tradition of home sellers footing the commissions of their buyers’ real estate agents may soon be a thing of the past.

A recent multibillion-dollar class-action verdict in Missouri found that the National Association of Realtors (NAR) along with some of the largest real estate brokerage firms in the country violated antitrust laws by conspiring to inflate and keep sales commissions artificially high. The NAR and other brokerages face a slew of new and older lawsuits that have similar claims.

Already, the suits have ushered in some changes to agreements sellers sign with their real estate agents that set

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Average Bradford home sold for $1.1 million last month: Realtors

Simcoe County’s housing market is moving on up — just ask many local real-estate professionals.

The Barrie and District Association of Realtors (BDAR) has released its latest set of monthly statistics, which show 557 residential units were sold across the county in February, up 37.5 per cent compared to the same month last year. Sale prices also hit $839,675, up 3.4 per cent over that time.

There were 1,283 new listings across Simcoe, down 17.1 per cent from February 2023. The number of active listings also decreased by 6.3 per cent to 1,424.

In Innisfil specifically, there were 54 units

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