Realtors across the US are bracing for a seismic shift in the way they do business. Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell ...
The new rules mandated by the National Association of Realtors‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are ...
This summary is reviewed by TRD Staff. A recent Redfin study indicates that nationwide buyer agent commissions remained largely unchanged at 2.43 percent in the second quarter, one year after NAR’s ...
On Saturday, industry rules governing real estate agent commissions will change — a shift some experts say could ultimately lower costs for consumers buying and selling a home. However, the changes ...
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17, ...
For a long time, buying and selling a home in the U.S. generally went like this: The seller would pay a commission that would be split by the buyer's and seller's agents, often totaling 5% to 6% of ...
The aftermath of the seismic NAR class-action lawsuit is still playing out in the housing industry. Real estate agent commissions haven’t fallen much since the recent spate of class-action lawsuit ...
SEATTLE--(BUSINESS WIRE)--The average U.S. buyer’s agent commission was 2.43% for homes sold in the second quarter, up from 2.38% a year earlier. That’s according to a new report from Redfin, the real ...
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
Following years of litigation, the National Association of Realtors (NAR) agreed to pay $418 million to settle a series of high-profile antitrust lawsuits filed in 2019 on behalf of home sellers.
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How do real estate agent fees and commissions work?
In this do-it-yourself digital age, home sellers and buyers alike might wonder if they really need real estate agents — or, more precisely, if they need to pay agent fees. Just how crucial are these ...
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