What the NAR settlement means for real estate: YF Explains

Realtors across America may be getting a massive pay cut. The National Association of Realtors agreed to pay $418 million to help compensate home sellers across the US. As part of a groundbreaking settlement, Compass, Keller Williams, and RE/MAX have settled claims as well. Multiple lawsuits argue that brokerages conspired to boost agents' commissions and indirectly inflated home prices.The agreement effectively will destroy the current home buying and selling business model.

Robert McLister: Tax shelters don't make housing more affordable, but those with the cash would be foolish not to use them LOS ANGELES — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. That's the first monthly decline in sales since December and follows a nearly 10% monthly sales jump in February. Existing home sales also fell 3.

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