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
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