Transforming the Real Estate Landscape: The Breakthrough Commission Settlement Shaking the Industry
/The real estate industry is in the midst of a significant transformation. The Department of Justice, in its regulatory capacity, has recently intervened to reshape commission structures, a move that will trigger a multitude of changes. Last week, the National Association of Realtors agreed to a $418 million settlement, paving the way for these changes to take effect this summer. The agreement calls for commissions paid to buyer's agents to be separated, or at least not made a part of the listing agent's advertisements on the Multiple Listing Services.
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