National Association of Realtors Settles Lawsuits, Sparks Major Changes in Real Estate Commission Policies
Jacksonville, Florida – The National Association of Realtors (NAR) is making significant changes to its real estate policies following a series of lawsuits relating to the setting of agent commissions. The NAR recently agreed to pay $418 million in order to assist home sellers. One of the key changes involves the responsibility for paying the buyer’s agent. Under the new policy, the buyer will be required to pay their own agent unless the seller agrees to do so. Another notable rule modification is the prohibition on disclosing the amount of money agents receive for selling … Read more