A landmark legal settlement between home sellers and the real estate industry could cause a shakeup in the way homes are bought and sold, beginning this summer. The National Association of Realtors announced March 15 that it had agreed to pay $418 million to settle more than a do...
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What Does It Mean When a House is in Escrow?Here are some of the important responsabilities of a settlement company:Conduct a title search: A search is made to ensure a title is free and clear and that the property can legally be sold. Any issues with a title are known as "clouds" ...
The National Association of Realtors agreed toa $418 million settlementlast week in anantitrust lawsuitwhere a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflateagent commissionson the sale and purchase of real estate. The NAR's multiple...
What Does the Recent NAR Settlement Mean for Buyers? malhotraspokaneReal EstateSeptember 2, 2024 The National Association of Realtors recently settled a class action lawsuit regarding how commissions are advertised. What does this mean for buyers? Very little. The manner in which buyer’s agent co...
The National Association of Realtors (NAR) historically has opposed real estate transfer taxes, calling them a “major burden to buyers and sellers.” The NAR says these taxes are “volatile” in nature, making them a poor revenue source for municipalities. The association also says real estate...
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If you go this route — and many couples do — consider the costs. These might include the Realtor’s commission, the costs of repairs or staging, property transfer taxes and capital gains taxes. These expenses typically come out of the proceeds of the sale. ...
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...
legislation in 2024 may change that practice after a federal jury determined that the National Association of Realtors, and several large brokerages, violated antitrust laws in how they structured commissions. As part of its settlement, NAR has agreed to revamp the structure of its commissions, ...