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The National Association of Realtors (NAR) has agreed to rewrite rules affecting the housing industry, following a $418 million settlement of commission lawsuits. The settlement aims to make the relationship between agents and homebuyers more transparent. The changes could lead to cheaper home buying and selling processes, with a focus on reducing fees paid by consumers.
The Homeowners Who Beat the National Association of Realtors: Six home sellers in Missouri successfully argued that the powerful real estate trade group’s rules on commissions forced them to pay inflated fees. (@NYT) https://t.co/zQuXiM963R
Sellers no longer have to pay the buyer's agent in the home selling process starting in June! This has always been a corrupt and *actually* monopolistic practice. Unsurprisingly, the people behind it weren't taken down by the FTC or the gov. Watch: https://t.co/MTVqhA3RUK https://t.co/mVxnhCkEMC
#Save_10K: Critics call offer to compensate #BuyerAgent a BRIBE Whenever homebuyers see offer to compensate buyer agents think seller signaling willingness to reduce asking price Instead of compensating buyer agent, ask seller to reduce price & get #Fee4Savings help a la Carte https://t.co/WXM0qNm6il