Tag

Broker Commissions

All articles tagged with #broker commissions

"DOJ Reopens Antitrust Probe Into Realtors Association, Court Rules in Favor"

Originally Published 1 year ago — by The New York Times

The Justice Department will reopen an antitrust investigation into the National Association of Realtors, focusing on whether the group's rules inflate the cost of selling a home. This comes after a U.S. Court of Appeals ruling overturned a lower-court decision and follows a recent settlement over real estate agent commissions. The investigation presents another challenge for N.A.R., which is already facing legal action over alleged antitrust violations.

business real-estate antitrust-investigation broker-commissions justice-department national-association-of-realtors real-estate real-estate-industry

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

Originally Published 1 year ago — by Fortune

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.

business real-estate broker-commissions homebuyers national-association-of-realtors real-estate real-estate-agents settlement-agreement