Joker on Nostr: The DOJ Asks: Does The Landmark Real-Estate Settlement Go Far Enough? Analysts at ...
The DOJ Asks: Does The Landmark Real-Estate Settlement Go Far Enough?
Analysts at Keefe, Bruyette & Woods have predicted that the changes could lead to a 30% reduction in the $100 billion that Americans pay in real-estate commissions every year. The typical commission—5% to 6% of the purchase price, split between the seller’s agent and the buyer’s agent—is among the highest in the world.
Starting next month, many sellers will no longer include offers to compensate buyers’ agents when listing homes in local databases known as multiple-listing services.
NAR’s president urged the group’s 1.5 million members to avoid exploiting any potential loopholes.
With the real-estate industry poised to abandon its longstanding commission structure next month, the Justice Department is signaling it isn’t done scrutinizing how real-estate agents get paid.
Remainder Of The Article: Cracks In The Housing Market Are Starting To Show:
https://dpl-surveillance-equipment.com/economics-and-finance/cracks-in-the-housing-market-are-starting-to-show/ 
Published at
2024-07-15 02:49:42Event JSON
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"content": "The DOJ Asks: Does The Landmark Real-Estate Settlement Go Far Enough?\n\nAnalysts at Keefe, Bruyette \u0026 Woods have predicted that the changes could lead to a 30% reduction in the $100 billion that Americans pay in real-estate commissions every year. The typical commission—5% to 6% of the purchase price, split between the seller’s agent and the buyer’s agent—is among the highest in the world.\n\nStarting next month, many sellers will no longer include offers to compensate buyers’ agents when listing homes in local databases known as multiple-listing services.\n\nNAR’s president urged the group’s 1.5 million members to avoid exploiting any potential loopholes.\n\nWith the real-estate industry poised to abandon its longstanding commission structure next month, the Justice Department is signaling it isn’t done scrutinizing how real-estate agents get paid.\n\nRemainder Of The Article: Cracks In The Housing Market Are Starting To Show: https://dpl-surveillance-equipment.com/economics-and-finance/cracks-in-the-housing-market-are-starting-to-show/\n\n\nhttps://image.nostr.build/1ef88cfeedabb796d5990f8f7d5595e58a04982913808c10f302da403385766a.png",
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