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Keyword: homecommissions

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  • Ending 6% commissions would mean ‘dangerous times’ for home buyers, mortgage lender says

    03/22/2024 9:18:35 PM PDT · by where's_the_Outrage? · 37 replies
    Marketwatch ^ | March 22, 2024 | Aarthi Swaminathan
    The way people buy and sell homes in the U.S. may be about to change, following a landmark settlement proposed by the nation’s top real-estate-industry group. But that may not make things easy for home buyers, one mortgage-company CEO says. The settlement proposed by the National Association of Realtors, which will go into effect in mid-July if it’s approved, would require that listings on the NAR-run Multiple Listing Service — a database of homes for sale — no longer have a field showing how much buyer’s agents will earn in commissions on the sale. In other words, buyer’s agents won’t...