"Future Trends in Real Estate Agent Usage and Commission Settlements"

The National Association of Realtors recently announced a $418 million settlement and practice changes related to broker commissions, leading to speculation about the future of real estate agents. However, the NAR asserts that real estate agents will remain essential partners for homebuyers, with the settlement prohibiting the sharing of compensation offers on multiple listing services and requiring written agreements with buyers. While consumers will still have options for compensating brokers, the NAR emphasizes the continued value of real estate professionals in providing specialized knowledge, guidance, and support throughout the homebuying process.