Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

New Bill Would Eliminate Income Taxes on Home Sales

July 12, 2025

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 2025

Americans now view this figure as the benchmark for being wealthy

July 12, 2025
Facebook Twitter Instagram
Trending
  • New Bill Would Eliminate Income Taxes on Home Sales
  • Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?
  • Americans now view this figure as the benchmark for being wealthy
  • How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)
  • How Mastering Your Nervous System Boosts Leadership Presence and Performance
  • Mortgage rates tick higher for first time in weeks
  • Social Security & The Big Beautiful Bill
  • Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances
Saturday, July 12
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » What Is the NAR Ruling? Real Estate Market Changes in August
Make Money

What Is the NAR Ruling? Real Estate Market Changes in August

News RoomBy News RoomAugust 15, 20240 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

One of the biggest changes ever to the residential real estate market is slated to go into effect on Saturday.

In March, the National Association of Realtors finalized a landmark class action settlement for $418 million, which will remove rules on sales commissions for brokers and agents.

Starting Saturday, the standard 5% or 6% starting commission sellers usually pay will no longer exist. Agents can negotiate with the seller for their rate. Some experts predict commissions will fall to 4%. This is a massive change for agents, brokers, and Realtors who will no longer be subject to receiving an automatic commission payment for selling a home.

Related: Barbara Corcoran Sounds Off on NAR Settlement: ‘It’s a Scary Time for Real Estate Agents’

“These changes help to further empower consumers with clarity and choice when buying and selling a home,” NAR President Kevin Sears said in a statement. “I am confident in our members’ abilities to prepare for and embrace this evolution of our industry and help to guide consumers in the new landscape.”

What does the NAR ruling change?

Starting August 17, real estate agents are prohibited from disclosing compensation on more than one listing service but can share those details on other mediums, including on the phone and in person.

According to economists’ analysis earlier this year, real estate commissions for agents are estimated to drop by as much as 30%.

Real estate agents often split the commission with a buyer’s agent. Now that there is no standard commission, buyers’ agents must discuss compensation upfront in a buyer agreement before looking at properties together. This way, the potential buyer knows upfront if they have to pay their realtor or if the seller of the home they’re looking to purchase is covering the cost.

Related: U.S. Mortgage Rates Are at the Lowest Level in 15 Months — Here’s Why

Some Realtors are warning that this could lead to more buyers forgoing using a real estate agent altogether, which could lead to more added costs for buyers. Others contend that the seller’s commission was often “baked” into the sales price, which already inflates the cost for buyers.

The new laws go into effect just days after mortgage rates in the U.S. hit a 15-month low.

“Change is nothing new to the real estate industry. What I know for sure is that real estate brokerages and their agents are some of the most resilient people in the world,” real estate tycoon Barbara Corcoran said of the settlement. “They’re creative and tough, and this opens the door for agents to use that resilience and creativity to come up with new and better ways to service their home sellers and customers.”

The final approval hearing for the NAR settlement is slated for November 26.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

New Bill Would Eliminate Income Taxes on Home Sales

Burrow July 12, 2025

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

Make Money July 12, 2025

Americans now view this figure as the benchmark for being wealthy

Personal Finance July 12, 2025

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

Make Money July 12, 2025

How Mastering Your Nervous System Boosts Leadership Presence and Performance

Investing July 12, 2025

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

Burrow July 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 20250 Views

Americans now view this figure as the benchmark for being wealthy

July 12, 20250 Views

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

July 12, 20250 Views

How Mastering Your Nervous System Boosts Leadership Presence and Performance

July 12, 20250 Views
Don't Miss

Mortgage rates tick higher for first time in weeks

By News RoomJuly 11, 2025

Mortgage rates ticked higher for the first time in weeks, mortgage buyer Freddie Mac said…

Social Security & The Big Beautiful Bill

July 11, 2025

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

July 11, 2025

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

July 11, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

New Bill Would Eliminate Income Taxes on Home Sales

July 12, 2025

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 2025

Americans now view this figure as the benchmark for being wealthy

July 12, 2025
Most Popular

51 Reasons I Won’t Lend Money to Friends and Family

August 6, 20231 Views

New Bill Would Eliminate Income Taxes on Home Sales

July 12, 20250 Views

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.