When the real estate industry got hauled into court over how sales commissions were set, I was happy. Finally, buyers and sellers could negotiate what they pay their agents instead of swallowing one bloated fee baked into every deal.
That was the promise of the National Association of Realtors’ $418 million settlement, which took effect in August 2024. Parts of it are a real win for buyers.
But here’s the catch. You now have to sign a contract with a buyer’s agent before they’ll show you a single home. And plenty of those contracts are booby-trapped.
Buried in the fine print is often a clause that can force you to pay a full commission — even…
Read the full article at MONEYTALKSNEWS.COM
