Are you a homebuyer or seller affected by the upcoming NAR settlement changes?
CNN
This month, the rules in residential real estate are changing. The National Association of Realtors said the changes included in a settlement to end antitrust legal claims officially take effect nationwide on August 17.
This month, the rules in residential real estate are changing. The National Association of Realtors said the changes included in a settlement to end antitrust legal claims officially take effect nationwide on August 17. The changes overhaul the informal guidelines that often led to homesellers paying a commission of 5% or 6%, which was generally shared between an agent representing the buyer and an agent representing the seller. Agents working with a buyer must now enter into a written buyer agreement specifying their compensation before touring a property. The rules could fundamentally change the way Americans buy and sell homes. Do you have plans to buy or sell a home in the near future? If so, we’d like to hear from you as to how the changes may affect you.
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