What The NAR Settlement Means For South Florida Buyers And Sellers In 2024
Posted by Andy Mandel on
Maybe you've heard a headline or read an article about upcoming changes to how the real estate business is going to change starting in July 2024 - specifically how real estate agent commissions are going to be paid in the future. There are a lot of misleading headlines and talking points out there, so I want to share what this new change means.
This change stems from a lawsuit that was filed back in 2019 from home Sellers that were suing alleging that real estate agents were colluding and keeping commissions high by requiring Sellers to pay for the commission of an agent that represents a buyer. The fact is that real estate agent commissions have always been negotiable.
Nobody ever forced anyone to use a real estate agent - there is always someone…
15158 Views, 0 Comments