“We believe the 5% commission rate is viewed as standard by sellers, which is likely to keep commission rates largely unchanged near-term,” analysts at Jefferies Equity Research wrote in a note immediately after the settlement was announced last month. ”We were also unable to find evidence t...
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...
Despite modest commission compression following the NAR settlement, agents are approaching conversations around compensation with less fear, according to the latest Intel Index survey data... Zoom: 60hr Broker Post License Instructor: Richard H. Burch, CRB, CRS, GRI, TRC, e-PRO, AHWD Zoom Presen...