Realtors weigh in and break down the future of commission on home sales lolita, 24/09/2025 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