Buying or selling a home? How the real estate fee structure impacts you
A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay elsewhere.
Big changes are coming to the way people buy and sell houses in the United States. The National Association of Realtors settled a lawsuit last week that could up-end the way real estate agents are paid, doing away with the traditional agent's commission of 5-6%. That's prompting a reckoning for buyers, sellers and real estate agents. Here are six things to know.
What if you already sold a house?
As part of the settlement, the National Association of Realtors agreed to pay $418 million over the next four years. That's in addition to $210 million that various brokerage firms had already agreed to pay. Lawyers will get a chunk of that money, but the rest will go to
