And buyers, not sellers, would decide how much buyer’s agents are paid. The settlement would mark a significant change for buyers, sellers and real estate agents. It's uncertain how real estate markets will make the transition between now and mid-August, when the settlement is du...
In March, the National Association of Realtorsagreedto a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. In a sta...
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 l...
The document that used to be called a settlement statement has evolved over time into what is now known as a closing disclosure.
A settlement statement is a type of document that provides a detailed breakdown of all of the costs that are associated with the...
That's why it's so important to have a settlement company to help handle all of the details and facilitate a smoother, less stressful closing on your property. So, what does the settlement company do?What is a Settlement Company?A settlement company can also be known as a real estate ...
s Find a Realtordatabase, which includes their sales performance, specialties, reviews, and other helpful information. It’s a good idea to talk to at least three people in person, andask the agents some key questionsto find out if they’re a good fit for you and t...
The MLS concept has been around since the late 1800s when brokers met at their local association offices to exchange information, according to the National Association of Realtors. Today, home buyers and sellers are most likely to encounter the MLS online, either via consumer-facing MLS sites ...
The settlement agreement doesn't say that the buyer's agent will not be paid nor that the buyer's agentcannot charge fees. "The big question here is who is going to pay for those services moving forward. Will it ultimately be a buyer that will have to get the buyer's agent's commiss...
Editor’s note:On March 15, 2024, the National Association of Realtors (NAR)announceda landmark lawsuit settlement that will change the way real estate agent commissions are handled in the future. These changes will “decouple” seller and buyer agent compensation. Industry experts predict that ...