Understanding the NAR Commission Changes and How it Affects Buyers and Sellers
Posted by Zach Lipson on
The real estate market has always been a dynamic environment, constantly influenced by economic conditions, consumer behaviors, and regulatory changes. Now, there is an added wrinkle in the aftermath of National Association of Realtors (NAR) settlement that stemmed from the Sitzer-Burnett verdict. How buyer's agents get paid has changed as of August 17th, 2024. These changes, aimed at increasing transparency and fairness, could significantly impact both home buyers and sellers. Let’s dive into what these changes entail and how they might affect your next real estate transaction.
What are the NAR Commission Changes?
Historically, in most real estate transactions, the seller has been responsible for paying the commission for both their own agent and…
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