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
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
Real estate agent who sets house on fire has prior relationship with owner lolita, 26/08/2024 A real estate agent who accidentally burned down a multimillion-dollar home to the ground in one of Sydney, Australia’s most prestigious suburbs had previously been in a relationship with the owner, court documents have revealed. Sydney realtor Julie Bundock was preparing for an open house of a four-bed home on the northern beaches when she noticed the current renters of the house had left some bedding on the deck to dry. According to documents tendered to the New South Wales, Australia Supreme Court as part of a civil lawsuit brought by the owner and four tenants against her employer, Ms. Bundock removed the sheets and threw them in a downstairs room onto a shelf below a light, which she then switched on. About 20 minutes later a major fire broke out in the four-bedroom house on Riverview Road in Avalon Beach, believed to be caused by the shelf and bedding heating up and catching fire due to the wall-mounted light. Sydney realtor Julie Bundock accidentally sets a house on fire. Supplied This week, Ms Bundock’s employer, Domain Residential Northern Beaches, was ordered to pay property owner Peter Alan Bush $486,712.89 USD in damages. Mr Bush was planning to sell the … Continue Reading