Realtors across the country are bracing for a seismic shift in the way they do business. Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell their homes.

Biggest shakeup in a century set to hit real estate agents this week: Here’s how they’re preparing

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Trailer Empire

The National Association of Realtors (NAR) is steering through a sea of change following its landmark antitrust settlement. With a tight deadline approaching on August 17, the 1.5 million-member trade group is busy rolling out new consumer guides that cast recent changes in a favorable light, despite a backdrop of controversy and evolving industry norms.

NAR's Settlement Shifts: What Homebuyers and Sellers Need to Know

On Tuesday, August 6, 2024, the Consumer Federation of America (CFA) published a Consumer Alert on the new Realtor rules and practices that will go into effect on August 17 due to the NAR settlement. CFA makes three recommendations to buyers and sellers to help them with the rule changes....

CFA Urges Buyers and Sellers to Negotiate Commissions as Dollar Amounts

Sandy Post

Working with a real estate agent can give both buyers and sellers an edge in what continues to be a challenging real estate market.
                Agents, brokers and Realtors are professionals with distinct expertise and knowledge of buying and selling homes. That expertise is evidenced by how many people rely on real estate professionals yearly. A 2022 Zillow Group Consumer Housing Trends report found that 88% of homeowners choose to list their homes with a real estate agent when it comes time to sell.
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Six tips to find the right real estate agent

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

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Near the close of the first hour of BAM BBQ, Tom Toole, the objection-handling G.O.A.T., took the stage to discuss time management—”the number one area that people in this business struggle with.”. When was the last time you heard another agent (or yourself) say, “I just don’t have...

Master Your Calendar: Six Essential Time Blocks for Real Estate Agents

Homes & Gardens

Do you know the red flags that scare off potential buyers? If you want to sell your house fast, our experts are here to explain the factors that will make your home harder to shift

10 red flags that always scare off potential house buyers – and expert advice on how to remedy the problems

As the real estate industry braces for a significant shift with new regulations set to take effect on August 17, the Consumer Federation of America (CFA) is offering crucial advice for homebuyers navigating these changes. The CFA’s latest guidance emphasizes negotiating agent compensation at 2 percent or less of a home’s sale price, aiming to empower consumers and challenge long-standing industry practices.

CFA Urges Buyers to Cap Agent Fees at 2% Amidst Real Estate Industry Shake-Up

Colorado State

Fort Collins, CO

Distractify

Ever since 2021, the housing market has spiraled out of control, with mortgage rates skyrocketing and more corporations owning private residences than ever before. In fact, it's now harder for the average American to purchase a house than it was for folks during the Great Depression. It seems like some folks are attempting to take advantage of the fervor surrounding people's obsessions with securing real estate in specific parts of the country.Like these home sellers spotted by a TikToker named Meg (@megherita) who uploaded a viral clip discussing an overpriced house she and her boyfriend have been closely monitoring in...

“Overpriced” Home Shocks Woman Once She Sees What Sellers Bought It for Only 7 Years Prior

Do you have clients or seller leads who are worried about timing the sale of their house just right? This article may help allay some of their concerns. It addresses the impact of seasons, market trends, personal circumstance and more on the sale of residential real estate and the potential profit sellers may net. Feel free to share it with your clients — or just use it as a reference on timing the market during client conversations!

When to Sell a Home for the Best Profit

Washington State

Following the landmark Sitzer/Burnett verdict and NAR's subsequent settlement, some predicted that agents would leave the industry in droves — but there's no evidence of that trend, at least not yet. On the contrary, NAR membership is once again on the upswing: The latest state association membership data reveals...

More agents joining NAR ahead of settlement deadline

San Francisco, CA

Business Insider

After getting laid off by First Republic Bank in June 2023, Tony Woodall started renting out his home and traveling full-time.

I got laid off at 65 and couldn't afford my Bay Area mortgage. Now, I work for myself while traveling the world.

In dollar terms, the typical buyer’s agent commission is $15,377 per deal, up marginally since January due to rising home prices. The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their home’s buyer, according to an analysis of MLS data by Redfin, the technology-powered real estate brokerage. That’s down from an average of 2.62% in January.

Typical Buyer’s Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March, Redfin Reports

The Motley Fool

Will home buyers who need mortgages get any relief in the new year? Read on to find out.

Will Mortgage Rates Get Better in 2025? Here's What to Expect

North Carolina State

Town Talks

If you're considering memorializing a relative on your own property in North Carolina, it's important to be aware of the state's regulations regarding home burials and the scattering of ashes.

Can you bury a relative at home in your backyard in North Carolina? Here’s what state law says

When you decide to sell your home, you want to sell it fast, notably, if you are planning to use the money obtained from the sale of the house to buy a new one. Whether the market is booming or busting, getting your house sold fast and at a good price is always the goal. Sometimes you are eager to begin a fresh chapter of your life, a new job, or a new adventure, and it becomes a hassle when your house takes time to find a buyer.

Selling Your Home? 6 Tips to Attract More Buyers

- Advertisement - The National Association of Realtors (NAR) will implement changes to its real estate transaction commission rules starting on August 17. Earlier in March, the NAR reached a settlement in a class-action lawsuit by agreeing to pay $418 million. The lawsuit alleged that the industry had conspired to require excessive agent commissions.

New NAR rules set to ease real estate negotiations and potentially lower commission

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.

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The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

NewsBreak

Homebuyers, real estate agents face major change starting Aug. 17

After a previous court settlement, major changes are beginning this week involving homebuyers and their real estate agents. The changes follow a federal court settlement with...

Homebuyers, real estate agents face major change starting Aug. 17

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