Apr 8, 06:52 PM

NAR ruling cuts sellers paying 3.5%; The Real Brokerage settles $9.25M lawsuit, buying agents get $10-$25K

The NAR ruling impacts real estate commissions, with sellers potentially paying 3.5% instead of 5-6%. Selling agents retain 2.5%, while buying agents may receive 1% or a flat fee of $10-$25K. The commission pool is expected to decrease by 40 to 45%. The Real Brokerage settles a commission lawsuit for $9.25M, joining other major real estate firms in resolving commission-related litigation. As part of the settlement, The Real Brokerage will adjust its business operations and release its agents from the claim.

#Real Brokerage #The Real Brokerage

Written with ChatGPT (GPT-3).

Sources

The Real Deal@trdny
2 years ago
The Real Brokerage agreed to pay more $9 million to settle a commission lawsuit, the latest deal by a firm that didn’t make the cut for NAR’s blanket deal https://t.co/XzwfZsarN2
Inman@Inman
2 years ago
The Real Brokerage agreed to change business operations as part of its proposed settlement agreement and release Real, its subsidiaries and its 16,000 agents from the suit’s claim https://t.co/bjwuBWvEp2
HousingWire@HousingWire
2 years ago
The Real Brokerage settles Umpa commission lawsuit for $9.25M: The Real Brokerage joins NAR, Compass, Keller Williams, Anywhere and RE/MAX in settling commission-related litigation. https://t.co/hap4NtAxJQ

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