What Does the Real Estate Shake-Up Mean for New Yorkers?
The New York Times-Real Estate·2024-03-28 06:03
Last week, the National Association of Realtors settled a series of lawsuits brought by home sellers, agreeing to pay $418 million in damages and eliminate its longstanding rules on broker commissions. The deal, which still needs a federal court’s approval, would eliminate the standard 6 percent commission on home sales and pave the way for a system in which sellers no longer pay the entire commission.
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