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
New National Association of Realtors settlement could have impact on real estate commission lolita, 23/09/2025 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
Real Estate Industry Settlement Has Experts Mixed On Predictions For Home Buyers – Forbes Advisor lolita, 08/08/2025 Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The size of real estate commissions—and who pays them—could change dramatically now that the National Association of Realtors, or NAR, has agreed to pay $418 million to settle a series of antitrust lawsuits. As part of the settlement, buyers will now negotiate their agents’ fees directly, contracting with them before the home search begins. The changes are expected to go into effect by mid-July, pending court approval. By settling these cases, NAR releases 1 million of its members across the US from liability. The settlement could cut real estate commissions by thousands of dollars and lower home prices overall, saving money for both buyers and sellers, according to some experts. For years, brokers who listed homes on the NAR’s multiple listing service (MLS) were expected to pay a set commission to the buyer’s agent. The two sides would split a fee, typically about 6% of the home price. This fee, usually paid by the seller, was baked into the sales price and thus the buyer’s mortgage. In 2019, several antitrust lawsuits were filed by groups of home sellers who … Continue Reading