A recently announced settlement in a lawsuit against the National Association of Realtors (NAR) could create substantial changes in how real estate commissions are paid. This has big implications for homebuyers, potentially adding costs to the process. Here’s what you need to know and why acting before the changes go into effect is crucial.
The Jason Giomboni Team understands these changes can be confusing. We’re committed to keeping our clients informed and guiding you through a successful home purchase, no matter the commission landscape.
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The National Association of Realtors (NAR) has agreed to a settlement that could bring significant changes to how real estate commissions are paid in the United States. This article outlines the lawsuit’s background, the settlement’s terms, and the potential impact on home buyers and sellers.
The Lawsuit
The Settlement Agreement
NAR’s Position
Implications for Homebuyers and Sellers
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