Tag

Real Estate Commission

All articles tagged with #real estate commission

real-estate1 year ago•6 min saved

"Potential Impact of Real Estate Commission Changes on Home Buyers and Sellers"

The National Association of Realtors has agreed to rewrite rules regulating real estate commissions, potentially leading to cheaper home buying and selling. A lawsuit brought by home sellers in Missouri prompted this change, with the settlement likely reducing commissions for sellers. However, the impact on homebuyers could result in unintended consequences, such as additional financial burden. The industry may also see significant changes, including potential membership loss and reduced influence in Washington.

via PBS NewsHour|

#homebuyers #industry-impact #lawsuit

real-estate1 year ago•3 min saved

"Realtor Commission Shift: Impact on Homebuyers and Sellers"

A change in the real estate commission structure, prompted by a settlement between Compass and the National Association of Realtors, is expected to benefit homebuilders and consumers by increasing transparency and potentially lowering costs. The shift could lead to a significant decline in commission rates, which have traditionally been high in the US, and may also boost demand for new homes. While homebuilder stocks have surged, major brokerages like Zillow and Redfin face potential downside risks, while platforms like CoStar Group could benefit from the changes.

via Yahoo Finance|

#brokerage-models #homebuilders #housing-market

real-estate2 years ago•7 min saved

Real Estate Commission Challenges Spark Lawsuits and Potential Market Shifts

Lawsuits challenging the real estate commission system could have a significant impact on the housing market. A federal jury in Missouri has found that the National Association of Realtors and its members have illegally conspired to fix commission rates on home sales. The jury awarded a $1.8 billion judgment on behalf of half-a-million home sellers in Kansas, Missouri, and Illinois. The lawsuit alleges that the fixed commission rates make homes more expensive for buyers and benefit large firms that dominate the industry. The verdict, if upheld, could lead to changes in the costs of buying and selling homes and overall affordability in the housing market.

via PBS NewsHour|

#affordability #homebuying #lawsuits