Are you a homebuyer or seller affected by the upcoming NAR settlement changes?
The changes overhaul the informal guidelines that often led to homesellers paying a commission of 5% or 6%, which was generally shared between an agent representing the buyer and an agent representing the seller. Agents working with a buyer must nowenter into a written buyer agreement specifying their compensation before touring a property.
The rules could fundamentally change the way Americans buy and sell homes. Do you have plans to buy or sell a home in the near future? If so, we’d like to hear from you as to how the changes may affect you.
The new regulations could significantly impact the local business landscape for real estate agents, as their earnings from commissions might be affected. The economic stability of many households relies on the smooth functioning of the housing market, and these changes might influence that.
