There may also be more room for different kinds of agents to offer services at different rates: A highly experienced agent might charge the full 2.5% commission, while a rookie could work for a reduced rate for more cost-conscious buyers. Ultimately, the settlement could spell the end of the...
A real estate agent commission is how most agents are paid for the homes they sell. Here’s more on who pays this fee, closing costs, and more. 4 months ago Steps To Buy a House: How Long Do They Take? Here are the steps to buy a house and how long they typically take, just ...
On March 15, 2024, the National Association of Realtors settled a class action lawsuit by homeowners who alleged that the NAR had illegally inflated the commissions charged to realtors. As part of the $418 million settlement, the NAR agreed to stop allowing broker compensation offers on its li...
Buyer's agent compensation: Because of a settlement of a lawsuit against the National Association of Realtors, sellers aren't required to cover a buyer's agent commission. However, buyers may expect a concession of 2–3% to help them cover the cost of their real estate agent. Repair credits...