Interest rates to drop, 6% realtor commission elimination expected to help home buyers lolita, 29/07/2025 Commission drop for realtors expected to help home buyers Briyana Jordan is a relator with Arterra Luxe. She says commissions won’t exactly be done with, but will be offered on the backend of a sale in a separate contract between parties. FOX 2 (WJBK) – As spring arrives, the housing market begins to blossom. That’s why buyers — like Kevin McIntosh — are trying to find a new home by May. “It’s beginning to show signs that it’s getting competitive,” he said. “But we’re just trying to get out there and stay on the search as often as possible.” A few elements may make 2024 more competitive. One, is reports of interest rates dropping which will increase more prospective buyers. The other is the National Association of Realtors announcement to eliminate its rule on the standard six percent commission for real estate agents. “I think it is going to affect the industry,” said Briyana Jordan. “It’s going to change the industry. I think it’s going to actually bring realtors who work full time. it’s going to bring them more to the forefront, and the people who only do this part time, they might fall off.” Jordan is a relator with … Continue Reading
The way Americans buy and sell homes is about getting turned on its head lolita, 25/07/2025 CNN — The way Americans buy and sell homes is about getting turned on its head. An earth-shattering, multibillion-dollar antitrust ruling against the National Association of Realtors late last year led to a settlement on Friday that will loosen the powerful trade group’s stranglehold on America’s housing market. The $418 million settlement with a group of homebuyers is expected to take effect sometime around July, pending a judge’s approval. It would change a number of rules and guidelines set by the NAR that critics say have kept housing prices artificially inflated. The TL;DR: 6% commissions, split between the buyer’s and seller’s brokers, will no longer be the norm. Agent commissions are expected to fall — in some cases, dramatically — because they will be competitive and negotiable, and sellers will be able to shop around for better rates. And other broker tactics that critics say are anticompetitive, such as a rule that makes sellers’ agents set compensation for buyers’ agents, will be prohibited. It’s not all good news: Buyers may have to pay their broker directly in the future, which could be tough for buyers accustomed to financing that commission as part of their mortgage. And some buyers could choose … Continue Reading
Realtor reacts to possible changes to homebuying process lolita, 13/07/2025 When it comes to buying a home, there seems to be a common misconception among buyers that there’s a standard six percent buyer’s commission. TYLER, Texas — If you’re in the market to buy a new home, the National Association of Realtors warns that changes are likely coming to your budget. When it comes to buying a home, there seems to be a common misconception among buyers that there’s a standard six percent buyer’s commission. David Kurtz, broker and owner at Dwell Realty in Tyler, said “there is no fixed fee, there is no fixed 6%.” “It’s always been negotiable. You know, my fee might be 6% that I charge. Another person, could be a discount broker and charge a flat fee. You can sell it for sale by owner,” Kurtz said. After July, you can still talk with your agent about the commission, but you won’t see the percentages on sites like Zillow. “The MLS (multiple listing service) is now going to remove the field where you offer buyer compensation and the reason for that is a decoupling of the commissions,” Kurtz said. The National Association of Realtors is changing how the fees work. Instead of the seller paying … Continue Reading
Realtors’ settlement could alter Asheville’s home buying, selling scenario lolita, 09/07/2025 ASHEVILLE, NC (WLOS) — A recent settlement by the National Association of Realtors could save home buyers and sellers in Asheville hundreds of thousands of dollars. But it could also cost them. The National Association of Realtors agreed to pay more than $400 million in damages to a group of home sellers. If the court signs off on the settlement, the NAR would likely implement the changes in July. Those changes could help lower the costs for sellers who typically cover the commission for their agent as well as that of the buyer, meaning more homebuyers would be paying for their agent’s commission. “I think the whole industry could be affected in some way shape or form,” Town and Mountain Realty broker-owner Leah Miller said. NATIONAL ASSOCIATION OF REALTORS REVISES COMMISSION POLICIES IN $418M LAWSUIT SETTLEMENT Typically, when looking to sell a home, the owner would have to pay a non-negotiable 5 to 6 percent commission fee for a listing on a multiple listing service, or MLS. That fee would then be split between the buyer’s and seller’s agents. In recent years, there have been accusations of agencies leading buyers of more expensive homes. “Buyers’ agents work for buyers, and … Continue Reading
Gallatin Association of Realtors sees positives in landmark NAR settlement lolita, 08/07/2025 BOZEMAN — Last Friday, the National Association of Realtors (NAR) announced a settlement agreement to end landmark antitrust lawsuits. They also passed a set of new rules that will change the home buying and selling business model forever. “So the settlement is a good thing for us overall. It is getting things put to bed in a more settled manner,” said Cindi Siggs, the CEO of the Gallatin Association of Realtors (GAR). Siggs explains that GAR has been involved in some of the antitrust lawsuits since October and that the $418 million settlement will have positive effects. She also has high hopes for some of the new rules. “Something we’ve always advocated for is signing buyer agency agreements. Now that’s going to be required every time they go to show a home and they’re working with a buyer,” she says. That’s just one of the new rules adopted by NAR. But the rule that has most people in question? The end of the 6% commission. “There has never been a 6% or a standard. “I’ve seen commission rates way lower, I’ve seen commission rates higher than that,” said Siggs. According to Scripps News, the 6% commission is most likely gone. … Continue Reading
Realtor group could cut commissions to settle lawsuits lolita, 10/04/2025 IE 11 is not supported. For an optimal experience visit our site on another browser. How buyers and sellers can save money with real estate ruling 03:50 Now Playing Realtor group could cut commissions to settle lawsuits 02:07 UP NEXT Ryan Serhant shares expert advice for home buyers and sellers 04:47 Mortgage rates, home prices inch down: Is now the time to buy? 02:52 Mortgage rates fall for 9th week — here’s what it means for buyers 01:41 Real estate outlook for 2024: What will the home market look like? 03:36 Billion dollar verdict could shake up real estate market 01:47 Mortgage rates surge to 8% amid record low supply of homes for sale 01:50 Homebuyers spooked by rising interest rates, cooling market 04:16 Mortgage rates for home loans hit 23-year high 00:24 High home prices may soon be on the decline 02:13 With high mortgage rates, what are your options for buying a home? 02:59 30-year mortgage rate rises to highest level since 2000 00:29 Noise complaints arise as pickleball grows in popularity across US 02:23 What is the ‘built-to-rent’ home trend and is it right for you? 04:15 Home prices drop: Is now a good time to buy … Continue Reading
Local realtors weigh in on recent $418M settlement regarding home commissions lolita, 09/04/2025 A recent nationwide settlement by the National Association of Realtors (NAR) could drastically impact how buyers and sellers compensate real estate agents. Critics argue the existing system artificially boosts agents’ commissions. The settlement marks a shift in the real estate landscape, with potential implications for millions of homebuyers, sellers, and real estate professionals nationwide. While attorneys continued to finalize the specifics, local realtors commented on the potential impact. “The recent settlement for NAR means a better pathway forward for consumers and their realtors,” said Greater Owensboro Realtor Association President Matthew Schell. “The settlement, which is focused on helping commission disclosures to the public, includes two fundamental changes to the daily practice of real estate agents.” NAR represents more than 1 million realtors in the US, and since the 1980s, sellers have determined the commission paid to buyers’ agents for the use of the multiple listing service (MLS). As is, data from Forbes suggests buyers’ and sellers’ agents can share anywhere between 5-6% commission. As reported by national outlets, critics suggest including commissions on the MLS encouraged brokers to steer buyers toward more expensive listings. Owner and principal broker of Triple Crown Realty Group Charlie Dawson elaborated on the presumption that … Continue Reading
Rules that helped set real estate agent commissions are changing. Here’s what you need to know lolita, 26/03/2025 The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents’ services and lower the costs for sellers who now typically cover the commission for the buyer’s agent, as well as that of their own. In turn, more homebuyers could face pressure to pay for their agent’s commission out of pocket. That could be a challenge, especially for buyers already stretching financially to make a down payment and cover other upfront costs involved in buying a home. Still, housing market watchers say it can’t be immediately determined how significantly any changes that could potentially shift the cost of hiring an agent to a homebuyer will affect home sales. An adjustment period is likely as buyers, sellers and agents figure out how to navigate what comes next. “I just think it’s too soon to tell,” said Greg Kling, an associate professor at the University of Southern California Marshall School of Business who has taught and written about real estate taxation. “We’re going to either see prices are going up for buyers, or the market is … Continue Reading
Realtors weigh in and break down the future of commission on home sales lolita, 22/09/2024 DETROIT (WXYZ) — Since our initial story about a landmark settlement that has the potential to change the home-buying landscape, dozens of people across metro Detroit have been weighing in. Some took issue, while others wanted to weigh in on the conversation. An agreement announced last week from the National Association of Realtors changes the commission structure. “I think that the reaction here is that the entire industry is going to get blown up and everything is going to change. And in all reality, I feel that very little is actually going to change,” realtor Andy Hargreaves from Preferred Realtors said. Hargreaves thinks he knows who will really benefit. WXYZ Andy Hargreaves from Preferred Realtors speaks with 7 Action News about a settlement from the National Association of Realtors that changes commission structure. (March 20, 2024) “I mean, they’re claiming this is for the consumer, right? And I believe the settlement is for in the vicinity of $418 million, which sounds like a lot. And then you start to kind of peel the onion back a little bit and you see that attorney’s got over $80 million,” Hargreaves said. He says the buying and selling agents will now negotiate separately … Continue Reading
New National Association of Realtors settlement could have impact on real estate commission lolita, 21/09/2024 New National Association of Realtors settlement could have impact on real estate commission GET IT ON G E Q I Q O N … Continue Reading