Columbus, OH

Money

Homebuyers face a changing housing market this weekend as major shifts to how real estate agents are paid take effect. The National Association of Realtors (NAR) groundbreaking new commission-sharing agreement will end the common practice of home sellers automatically covering the fees for real estate agents on both sides of the transaction. The new rules start on Saturday.

Will New Rules for Real Estate Commissions Lower the Cost of Selling a Home?

Ralph Harvey, Jason Saphire and Ben Caballero are three of the most prolific agents in America. They collectively sold over 10,000 homes last year alone, and you won’t ever find them on the buy-side of a transaction. But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday.

America’s top listing agents don’t want to deal with the buyer’s agent commission mess

Business Times

The landscape of home buying and selling in the U.S. is poised for a significant shift as new rules governing real estate transactions take effect this Saturday. These changes, which are expected to have widespread implications, particularly impact how real estate agents are compensated, potentially altering the financial responsibilities for both buyers and sellers in the housing market.

New Real Estate Rules Shake Up Home Buying: Buyers May Now Shoulder Agent Commissions

The thrill of selling your home can quickly turn into a daunting and expensive experience, especially when you factor in the hefty commission fees of a realtor. With the average realtor commission ranging from 4-6% of the sale price, it's no wonder that many homeowners are seeking alternative ways to sell their property without breaking the bank.

Bye-Bye Commission: The Ultimate Guide to Selling Your Home Without a Realtor

A settlement between the National Association of Realtors, or NAR, and plaintiffs in several lawsuits challenging the practice of commission-sharing went into effect Saturday. And while the agreement aims to reduce the fee percentage paid to real estate agents, there could be an additional consequence. A working paper published Monday...

New Rules to Lower Real Estate Agent Fees Could Actually Increase Home Prices

The US Sun

A FINANCIAL content creator has shared how she profited $175 in just one hour with a simple side hustle. With a quick visit to Craigslist, she has managed to make thousands by participating in research studies. Natalie Fischer (@investwithnat) shares financial videos with her nearly 60,000 TikTok followers. In a video from January, Fischer explained […]

I made over $175 in one hour from my easy online side hustle – it only took a visit to Craigslist

NewsNation

A court settlement eliminates a home seller’s obligation to pay a locked-in commission to both their own agent and the buyer’s agent.

Here’s how to take advantage of the new realtor commission deal

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Trailer Empire

The real estate industry is standing at a crossroads, facing changes that could reshape how Americans buy and sell homes. For decades, real estate commissions have survived technological disruption, industry shifts, and regulatory scrutiny. Now, a recent federal lawsuit has sparked a seismic shift that could finally bring these commissions down, altering the landscape for homebuyers, sellers, and agents alike.

Real Estate Commissions Revolution: How New Rules Could Save You Thousands

Los Angeles, CA

RadarOnline

It's officially over between Jennifer Lopez and Ben Affleck.RadarOnline.com can reveal JLo filed divorce papers exactly two years after the couple exchanged vows in Georgia, confirming swirling speculation about their whirlwind relationship falling apart once and for all.  The On The Floor singer, 55, listed the date of separation as April 26, 2024 in documents she submitted on Tuesday in Los Angeles, without the help of a lawyer.Her filing made no mention of a prenuptial agreement, but sources told TMZ there was no prenup involved. That means any earnings or assets the couple accumulated during their marriage would be...

J Lo Files Divorce Papers: Lopez Tells LA Court She had No Pre-Nup With Ben Affleck — and the Pair Separated Four Months Ago!

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Major changes to how real estate transactions are conducted are set to take affect this month that will effect how both sellers, and buyers, compensate their agents. On March 15, the National Association of Realtors (NAR) settled a lawsuit brought by home sellers regarding how broker commissions were handled. As a result of that settlement, the NAR will remove agent compensation amounts from Multiple Listing Services, provide detailed compensation information to buyers and sellers and attain a written agreement outlining that compensation structure.

Broker commissions on real estate transactions will look a lot different starting August 17

Embarking on the journey to find your dream home can feel like navigating a labyrinth of paperwork, competitive bids, and unforeseen challenges. Especially for first-time buyers, the process can be overwhelming. Enter the buyer’s agent—a crucial ally in transforming this daunting experience into a smoother, more manageable adventure.

The Essential Role of a Buyer’s Agent: Your Key to Navigating the Homebuying Process

Mediaite

Fred Trump III, Donald Trump’s nephew, claimed during a recent interview with Dean Obeidallah that Trump is showing signs of dementia similar to the former president’s father and grandfather. On Friday’s edition of The Dean Obeidallah Show, Trump spoke to Obeidallah about his uncle’s mental health and potential...

‘I Know What I Saw’: Trump Nephew Fred Tells Liberal Host Donald Trump Showing Signs of ‘Dementia’ Like Father And Grandfather

A new survey says renters want flexible monthly payment plans, loyalty programs and help with the stress of moving. The RealPage survey of more than 2,000 renters showed:. 98% of renters want a loyalty program for paying rent. 93% of renters are interested in flexible rent payments. 97% of renters...

Renters Want Flexible Payments And Loyalty Programs

Markets Insider

Housing supply in the US rose a record 14% in July as homebuyers canceled agreements due to high costs and economic worries, a Redfin report said.

Housing supply is surging as a record number of buyers get cold feet amid sky-high prices, Redfin says

Change is rippling through the real estate world as new rules transform how agents are compensated, forcing both buyers and sellers to rethink their strategies. In a market where home prices have soared and mortgage rates remain high, these regulatory shifts are set to redefine the landscape—potentially saving consumers thousands in the process, but not without some added complexity.

Revolutionizing Real Estate: New Rules Shake Up How Agents Get Paid—Are Buyers and Sellers Ready?

Tennessee State

Brentwood, TN

Wide Open Country

Kenny Chesney isn't a happy camper. He claims that he's in the middle of a real estate scam trying to exploit potential home buyers. And he wants to put a stop to it. Interluxe, a home auction company, put a listing for a house and land in Brentwood, Tennessee. It claimed that Chesney oversaw the building of the estate.

Kenny Chesney Claims He's At The Middle Of A Real Estate Scam Trying To Exploit Buyers

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Real estate, while unique, shares common ground with various other industries. And if you want to be a competitive agent who is always improving, you shouldn’t be afraid to draw lessons from these other verticals. 1. Customer Service Excellence from the Hospitality Industry. If there’s one industry that knows...

6 Lessons Real Estate Agents Can Learn From Other Industries

You've likely heard the terms "real estate agent" and "broker" used interchangeably, but these roles are distinctly different. This comprehensive guide will demystify the roles of real estate agents and brokers, exploring their qualifications, responsibilities, etc. First, let's talk about job descriptions:. The Job Description of a Real Estate Agent.

Real Estate Agent vs Broker: Understanding the Key Differences

Dallas, TX

A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers' rivals or launch competing businesses. U.S. District Judge Ada Brown in Dallas said the FTC, which enforces federal antitrust laws,...

Judge strikes down Biden administration ban on worker 'noncompete' agreements

NewsBreak

Homebuyers now have to negotiate agent fees upfront—upending how the real estate industry has worked for decades

Homebuyers will now need to negotiate how much they pay their real estate agent before starting their home search — a rule change that's upended how...

Homebuyers now have to negotiate agent fees upfront—upending how the real estate industry has worked for decades

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