The real estate industry made headlines last week due to a lawsuit settlement involving the National Association of Realtors. You may have heard about this, as it’s not only been all over the headlines but likely all over your social media feed as well. Realtor commissions are the focus of this settlement, specifically whether or not a seller should have to pay a total commission that is split between the buyer’s agent and their own realtor, known as the listing agent. It was argued (and won) that requiring the seller to pay the realtors on both sides of the transaction is a violation of antitrust laws. Now the NAR may ban realtors from listing a commission for a buyer’s agent in the MLS.

If you are looking to buy or sell property and wondering how this news impacts you – let me help clear it up.

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