Three Months in, NAR Settlement’s Opportunities Come into Focus
After the commission settlements landed, some thought the buyer’s agent was an endangered species. But while they must change, experts say, it’s not the whole story.
After the commission settlements landed, some thought the buyer’s agent was an endangered species. But while they must change, experts say, it’s not the whole story.
Industry leaders are hoping for the best but bracing for the worst, and say it could take years to sort out real estate agent compensation issues as new rules take effect this week.
Starting Saturday, buyers in some home-sales could have to come up with over $10,000 on top of the thousands they’ve saved for a down payment,
The last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.
The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
The reporting on the recent $418 million settlement with the National Association of Realtors and several large national brokerage companies has been so atrocious that I must jump in.
Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions, the company said in a regulatory filing Friday.
Many real estate agents across the state are already altering how they interact with home buyers and sellers in the wake of the surprise decision by the National Association of Realtors to settle pending lawsuits over agent commissions.
The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.