Judge Approves National Association of Realtors Settlement

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  • Опубликовано: 25 апр 2024
  • If you're planning on buying a home, you could face a higher than expected bill. That's because a judge approved a settlement with the National Association of Realtors. With approval of the $148 million dollar anti-trust agreement, home sellers' agents will no longer be required to offer a 5% or 6% commission to homebuyers' agents. The changes are set to take place in July of this year.

Комментарии • 31

  • @JessicaOkon-vl3yc
    @JessicaOkon-vl3yc 18 дней назад +39

    This seems like the worst period.
    Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
    .......

    • @MichaelKen-vz1bh
      @MichaelKen-vz1bh 18 дней назад

      Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Christen wilburn
      ....

    • @CharlesMichael-ge8pg
      @CharlesMichael-ge8pg 18 дней назад

      I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading

    • @JessicaOkon-vl3yc
      @JessicaOkon-vl3yc 18 дней назад

      Please educate me, i'm willing to make consultations to improve my situation,

    • @MichaelKen-vz1bh
      @MichaelKen-vz1bh 18 дней назад

      Sphe's recognized as 'Mrs wilburn. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

    • @JohnsonCory-ym3cr9075
      @JohnsonCory-ym3cr9075 18 дней назад

      Yeah, 148k from Christen wilburn. , looking up to acquire a new House, blessings

  • @seaotter42
    @seaotter42 17 дней назад +2

    Sellers agents were never offering 5-6% to buyers agents. The default commission on a home sale was 6%, which the sellers agent would split 50/50 with the buyers agent, resulting in 3% each. Some agents would negotiate lower commissions down to 5% but were limited in how they could advertise that they offered lower rates by the NAR, which was part of the basis of this anti-trust suit in the first place. The idea that buyers will pay more now is also questionable, since that commission is ultimately paid by the buyer as part of the price of the house. It's possible house prices will stay the same, that sellers will pocket the extra 3% and that buyers will now have to pay their own agents a flat fee... but its also possible that sellers will sell for a few %% less and still pocket the same amount of money.
    It's also questionable whether buyers agents should be paid on commission in the first place, as it incentivizes agents to steer their clients to the most expensive home, and to make the highest offer possible... since the agent gets paid more under the old system if you buy a more expensive house. It is not more work to buy a 600k house than a 300k house, so why does it cost the buyer twice as much to do so? A flat fee system will help with this as agents will no longer be incentivized for their clients to pay as much as possible.
    This settlement is a good thing for people buying and selling homes. There will be some side-effects for sure, but the average buyer and seller will be better off.

  • @maxauerbach8501
    @maxauerbach8501 18 дней назад

    Not only is this crazy. It’s insane how much realtors are making these days

  • @djp1234
    @djp1234 18 дней назад +1

    Every day the middle class gets screwed more and more. Where's that French watermelon cutting machine?

  • @Carlosilpso11
    @Carlosilpso11 18 дней назад +4

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    • @IvanBajo-ku6dl
      @IvanBajo-ku6dl 18 дней назад +2

      Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

    • @afiktion
      @afiktion 18 дней назад

      Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle.

    • @Charlotte-tg4nc
      @Charlotte-tg4nc 18 дней назад

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    • @SsssDddd-jb2cs
      @SsssDddd-jb2cs 18 дней назад

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    • @edgarjunior9131
      @edgarjunior9131 18 дней назад

      May God bless Ms Angela Christine Derle services,she have changed thousands of lives globally.

  • @Hungryghost01
    @Hungryghost01 18 дней назад +1

    Money helps money. Same as always

  • @Paulftate
    @Paulftate 18 дней назад

    Bidennomicas