"Realtor Lawsuit Settlement: Impact on Homebuyer Costs and Market Dynamics"
A settlement in a federal court case will change the way Realtors are paid, potentially making it more expensive for homebuyers. If approved, the seller’s agent wouldn't have to pay commission to the buyer’s agent, leading to concerns that this change could add a substantial cost for homebuyers, particularly first-time buyers. The goal is to increase transparency and give customers more say in negotiations, but some fear it may have the opposite effect. The settlement still needs approval from a federal judge and, if passed, will go into effect in July.
