
A landmark legal settlement in the real estate industry could significantly alter how homebuyers pay their agents, potentially affecting the traditional commission structures. Home sellers have claimed HomeServices, a unit of Berkshire Hathaway, owes $4.7 billion in a case related to real estate commissions in Missouri-area. This comes amid a broader discussion on the affordability of homeownership, with innovative solutions such as shared housing being considered to address the crisis. The settlement, which includes a $418 million deal by the National Association of Realtors (NAR), has sparked a variety of responses, from predictions of workarounds by real estate agents to protect their commissions to some choosing to leave the industry altogether. The Biden administration has criticized NAR for what it calls 'junk fees' and unfair practices towards Americans. The real estate commission lawsuits have reached a total of $626 million in settlements so far, with significant implications for how the industry will operate moving forward, expecting new commission rules by July 1st. Additionally, the settlement is expected to introduce new challenges and opportunities for real estate agents to navigate the changing landscape.
True Footage CEO John Liss—who studied residential commissions for his college thesis—shares his take on where he thinks the industry goes next following the NAR proposed settlement 👇 https://t.co/LydecRrlyi https://t.co/dPtTpmwUfe
Check out the Bay Area new listings for the month of February. Just like January, February and 2024 as a whole are off to better starts than their 2023 counterparts, yet still lag behind 2022. https://t.co/wFkJUPIgBJ
As the NAR settled, expect new commission rules by July 1st. If you were to buy a home, what would you do?








































