Consumer advocates and realtors hail NAR settlement: What it means for buyers and sellers [MSNBC.com]
Stifel Financial Corporation (SF)
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Source: MSNBC.com
The process of buying a home has seemingly never been simpler: Find a property on a listings website like Zillow, Redfin or Trulia; reach out to the listing agent; tour the property; and make an offer.But for years behind the scenes, experts say, consumers have not been fully aware of the ultimate cost — and potential conflicts of interest — when searching for a home.Now,a landmark settlement with the National Association of Realtors“Price transparency is a good thing, increased competition is a good thing, and this will increase both,” said Mariya Letdin, an associate professor at Florida State University’s College of . “I really welcome this change.”When someone goes looking for a home today, they are in most cases intercepted by a broker who has access to certain listings and who will work with the buyer at no cost upfront to help them get into a home.But therein lies a common misconception, experts interviewed by NBC News said. Although a homeowner who puts their property up for s
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