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Bye-Bye Big Fees: NAR $418 million settlement could save you thousands on your next home. https://t.co/ZSWwuka7hc Click the image to read more:
Everything you ever wanted to know about the proposed NAR settlement in 25 pages or less. 10 things that will change and the winners and losers. $EXPI $Z $ZG $RDFN $CSGP $DOUG $RMAX $HOUS $COMP https://t.co/aGuBfwXJRA
"I can get you full price if you get me an X% buyer's broker fee." This happens in commercial real estate. These brokers put their interest above their clients. Given the impending changes to residential, unfortunately this strategy may emerge as a common practice IMO.
The National Association of Realtors has settled an antitrust lawsuit for $418 million, leading to major US brokerages like Compass facing financial implications. The trade group reversed its decision to appeal a $1.8 billion judgment, prompting the real estate industry to adapt. Changes in commission rules are expected by July 1st, potentially reducing home buying and selling costs in the US.