The future of real estate commissions post-Realtor settlement [Yahoo! Finance]
Anywhere Real Estate Inc., (HOUS)
Company Research
Source: Yahoo! Finance
A federal lawsuit has forced changes to the way consumers negotiate and pay real estate agents. In October 2023, a federal jury in Missouri found that the National Association of Realtors (NAR), along with several large brokerages, conspired to inflate Realtors' commissions. Many of those brokerages settled out-of-court along the way — and on March 15, 2024, NAR settled as well, agreeing to pay $418 million in damages and change some of their longstanding rules. Here's what it means for homebuyers and sellers. How real estate commissions could change: A ‘price war'? Starting in July 2024, home sellers no longer will be responsible for paying both their own agent and the buyer's agent. Instead, homebuyers who want representation will have to pay their own agents separately. (The new rules received preliminary approval from a federal judge in April, with final court approval expected in November.) Next up, perhaps: Full-throated price competition among buyers' agents. “You're goi
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HOUS
Earnings
- 4/25/24 - Miss
HOUS
Sec Filings
- 3/19/24 - Form ARS
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- HOUS's page on the SEC website