Joel Foster is a Multimedia Journalist at KGUN9.
A class action lawsuit settled this summer between the National Association of Realtors and various plaintiffs has led to significant changes in the homebuying process.These changes, effective since August 17, are aimed at increasing transparency regarding real estate agents' compensation. However, the settlement has also brought confusion among homebuyers about what to expect.
'Despite the headlines that have sparked concern, Dynes emphasizes that the changes are relatively minor. The compensation structure is still negotiable, and sellers may still choose to cover the buyer’s agent's fee.Deborah Breslin, a designated broker with Realty ONE Integrity in Green Valley, agrees, stating that the agreements make the compensation process more transparent.'We are professionals and we’re providing a service,” Breslin said.
NAR Class Action Suit National Association Of Realtors Settlement Realtor Compensation Changes Buyer Agent Employment Contracts Real Estate
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