Posted 3/15/2024, 6:15:01 PM
Realtor Association Agrees to Pay $418M Settlement Over Commission Rules, Paving Way for New Era of Fee Negotiation
- National Association of Realtors settling lawsuits over commissions, agreeing to pay $418 million
- NAR to change rules on how real estate agents charge fees, could transform housing market
- New rules will allow negotiation of commissions independently on MLS platforms
- Typical 6% sales commission could be disrupted, forcing new business models
- New rules aimed at more transparency and consumer choice in home-selling process