NAR (Nation Assoc. of Realtors) Settlement in U.S.A.
Posted on March 27, 2024 by Rob Johnson
Here's an interesting article regarding everyones favorite industry topic "commission" based on the recent NAR settlement. The comment claiming that Buyer agency is free is inaccruate - even though the the commission is paid by the seller, the buyer is paying for it in the purchase price. This typically helps with buyer financing & is my understanding why it's been done this way for years. Otherwise, especially 1st time buyer's (typically with limited funds) will have to pay the buyer's agent on top of other closing costs.
The NAR settlement and its far-reaching implications: What does it mean for the Canadian industry? by Natalka Falcomer in REM March 25, 2024.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: