6% standard commission settlement by NAR may disrupt spring home sales trend.
Spring has traditionally been a popular time for home sales due to pleasant weather and families wanting to switch schools. However, a recent $418m settlement by the National Association of Realtors may disrupt this trend. The settlement could eliminate the 6% standard commission paid by sellers, potentially making selling cheaper post-settlement. It's unclear if this will lead to a shift in timing for listing homes.
March 24, 2024
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