Antitrust Settlement: The Impact of NAR Rules Change on Home Selling Costs
Sunday, 17 March 2024, 17:30
Why Home Selling Costs are Set to Decrease
It can cost a lot of money to sell a home. If you're not well-versed in negotiating with buyers, you may end up overwhelmed.
Antitrust Lawsuit and Rule Changes
The NAR settled an antitrust lawsuit that led to a $418 million payout and removal of rules on commissions, potentially allowing agents to lower rates.
Impact on Home Sellers and Buyers
If sellers pay lower fees, they may reduce listing prices, improving affordability for buyers and increasing competition in the housing market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.