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Big changes coming in how real estate commissions are paid. NAR settles lawsuit.

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https://sigforum.com/eve/forums/a/tpc/f/320601935/m/2740034705

June 18, 2024, 07:13 AM
220-9er
Big changes coming in how real estate commissions are paid. NAR settles lawsuit.
The settlement that made the news was rejected by the end by the court and it isn’t clear yet what is happening.
The proposed settlement everyone is talking about would not help the average buyer or seller and would throw the market into chaos, at least for a while.
The idea this is good for anyone other than the attorneys splitting the money on this particular case, is foolish.


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September 14, 2024, 12:04 PM
old rugged cross
Have no idea what has transpired. But guessing transactions by owners and buyers directly will become more the norm. Which is already the case. Then there won't be anything to split for realtors to haggle over.



"Practice like you want to play in the game"
September 14, 2024, 12:42 PM
chellim1
quote:
But guessing transactions by owners and buyers directly will become more the norm. Which is already the case. Then there won't be anything to split for realtors to haggle over.

I've bought/sold 4 properties and have not paid a real estate commission. I've reviewed and written contracts for many more.

Don't take that as anti- real estate agent, as I am not. It's a useful service, for most people, especially if they can't find their own buyer. But if a buyer/seller find each other and can agree on terms, it's often just as easy and less expensive to have an attorney draw up the contract.


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