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Message
re: National Association of Realtors agrees to end 6% commissions
Posted on 3/15/24 at 10:08 am to TejasHorn
Posted on 3/15/24 at 10:08 am to TejasHorn
quote:
In a sweeping move expected to reduce the cost of buying and selling a home
Riiiiiiiiiiight. They still make their money on a percentage basis, where is the motivation for bringing the costs down?
1
Posted on 3/15/24 at 10:30 am to LNCHBOX
quote:
Riiiiiiiiiiight. They still make their money on a percentage basis, where is the motivation for bringing the costs down?
You can be sure it wasn’t their idea.
quote:
settlement of landmark antitrust lawsuits
ETA: More from the article in OP:
quote:
In November, a federal jury in Missouri found the NAR and two brokerages liable for $1.8 billion in damages for conspiring to keep agent commissions artificially high. The NAR had pledged to appeal the case, but other brokerages settled — and, eventually, so did the NAR on Friday.
This post was edited on 3/15/24 at 10:31 am
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