NAR By Taylor Anderson All eyes were on the National Association of Realtors this year as the association announced its $418 million proposed settlement of the antitrust commission lawsuits that had rocked the industry for the last few years. The settlement, which NAR will be paying out over ...
(One listing agent recently emailed about a commission increase (to a level not seen here in many years). Another has copied that, as I received another notice this morning about a new listing offering the same.) A pal also got them said “If we don’t have buyers, it doesn’t ...
Actually, there will be LESS transparency as the new weaponized DOJ ruling forces NAR and MLS to HIDE any commissions. Much less transparency IMHO. And, commission rates do not dictate home prices - market forces do. So in my professional opinion, this ...
or MLS, will no longer be allowed to use the service to offer to pay a commission to agents that represent potential homebuyers. The rule change leaves it open for individual home sellers to negotiate such offers with a buyer's agent outside of the MLS platforms, however. ...
Only a very small portion of Realtors work on salary — working on commission is much more common. For years, the typical going rate was 6 percent, split down the middle between thebuyer’s agent and seller’s agent. But it began to fluctuate with the advent of discount brokers and the...
will prompt buyers to negotiate a commission independently with their agent instead of both agents splitting a seller-paid commission, which typically averagesjust over 5%of a home’s purchase price. While the new rules may be intended to serve homebuyers well by causing agents to compete harder...
And, the Government Accountability Office – Congress' investigative arm – reported in a 2005 study that commission rates continued to be about 5 percent to 7 percent of a property's selling price "regardless of local market conditions, housing prices, or the cost or effort required to sell ...
will prompt buyers to negotiate a commission independently with their agent instead of both agents splitting a seller-paid commission, which typically averagesjust over 5%of a home’s purchase price. While the new rules may be intended to serve homebuyers well by causing agents to compete harder...
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34 minutes ago Biden Administration Extends Temporary Status for More Than 200,000 From El Salvador for 18 Months MIAMI — More than 200,000 Salvadorans who have lived more than two decades in the United States can legally remain another 18 months, the De... ...