The Real on the NAR (National Association of Realtors®️) Lawsuit
The word on the street is that this may be the end of the real estate world as we know it and yet, no one has bothered to tell you what's really happening!
Here’s the skinny…
For decades, commission earned by Realtors®️ has consistently been around 6% of the sale price—usually with a 3% split for the buyer’s and seller’s agent.
This NAR (National Association of Realtors®️) lawsuit challenged this longstanding business practice and how these practices affect property pricing. NAR and the brokerages have vowed to appeal the verdict and this discussion continues.
How will this verdict impact me as a buyer or seller?
The truth is that not much is expected to change in the near future. The longer-term impact of the verdict may be that the pairing of buyer’s agent commission and seller’s agent commission may eventually be separated.
Regardless of all the noise around this subject, here is why you should work with a Realtor®:
Expertise
I have extensive knowledge of the real estate market, local regulations, and property values, providing you with valuable insights and guidance throughout the buying or selling process.
Negotiation Skills
I am a skilled negotiator who can advocate on your behalf to secure the best possible deal, whether you’re purchasing a home or selling one.
Access to Listings
I have access to a wide range of property listings, some of which may not be publicly available, giving you more options to find the right property for your needs.