Navigating the Impact of NAR Settlement on Homebuyers
TL;DR Summary
Six home sellers in Missouri, led by Rhonda Burnett, won a landmark class-action case against the National Association of Realtors, resulting in a $1.8 billion settlement and significant changes to the structure of real estate commissions in the United States. The settlement will prevent sellers' agents from offering commissions to buyers' agents on most home sale databases, which experts believe will lead to lower commissions across the industry.
Topics:business#home-sellers#landmark-case#lawsuit#national-association-of-realtors#real-estate#real-estate-commissions
- The Homeowners Who Beat the National Association of Realtors The New York Times
- How New Rules for Real Estate Commissions Could Affect First-Time Buyers The New York Times
- NAR settlement causing 'total confusion' in real estate: Barbara Corcoran Yahoo Finance
- REALTOR commissions and the housing market outlook; what you need to know WANE
- No, the NAR Real Estate Settlement Probably Won't Drive Down Home Prices. Here's Why CNET
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