The Washington Post on Nostr: New rules could reshape homebuying. Here’s what it means for you. ========== The ...
New rules could reshape homebuying. Here’s what it means for you.
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The National Association of Realtors settled litigation and agreed to pay $418 million to settle several cases accusing it of artificially inflating real estate commissions; The settlement brings new rules that affect homebuyers and sellers, taking effect on August 17, 2024; The rule changes aim to break the industry's grip and give consumers more control over real estate deals, potentially decreasing the cost of buying a home and spurring an exodus of Realtors; Buyers and sellers should be aware of the changes and consider factors such as the need for a Realtor, how much to pay them, what to look for before signing a contract, and negotiating commissions.
#RealEstate #Homebuying #NationalAssociationOfRealtors
https://www.washingtonpost.com/business/2024/08/17/realtor-commissions-settlement-explained/
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The National Association of Realtors settled litigation and agreed to pay $418 million to settle several cases accusing it of artificially inflating real estate commissions; The settlement brings new rules that affect homebuyers and sellers, taking effect on August 17, 2024; The rule changes aim to break the industry's grip and give consumers more control over real estate deals, potentially decreasing the cost of buying a home and spurring an exodus of Realtors; Buyers and sellers should be aware of the changes and consider factors such as the need for a Realtor, how much to pay them, what to look for before signing a contract, and negotiating commissions.
#RealEstate #Homebuying #NationalAssociationOfRealtors
https://www.washingtonpost.com/business/2024/08/17/realtor-commissions-settlement-explained/