#NAR #narsettlement #buyersagent #homebuyers
You won't believe what NAR just agreed to. On March 15th 2024 NAR agreed to settle a nationwide lawsuit which now can force buyers to pay real estate commissions if the seller does not pay them. Real estate commissions will now be moved off MLS, sellers can still pay the commissions if they choose, however, they cannot advertise commissions on the MLS starting in mid July 2024. This could potentially put further burden on home buyers, as they will likely have to pay for a realtor now. The National Association of Realtors has not settlement this nationwide lawsuit ending commissions in the multiple listing system.
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Lisa Ammons
27 окт 2024