How to successfully negotiate real estate commissions

How to successfully negotiate real estate commissions

Thanks to a federal lawsuit that was recently settled, the way real estate commissions work will change in July 2024 (pending court approval). If you’re looking to save some money, here’s what you need to know about how commissions work, and how to agree on a rate that both you and your agent can feel good about.

Correcting the record: NAR does not set commissions

Correcting the record: NAR does not set commissions

Following recent inaccuracies in media coverage, including the false representation or suggestion that the National Association of Realtors® (NAR) requires a standard 6% commission, NAR has issued the following statement: CHICAGO (March 19) – The National Association...
Real Estate Q&A: Can we get out of contract to sell our home?

Real Estate Q&A: Can we get out of contract to sell our home?

Several months ago, we had an opportunity in another state that seemed an excellent move for our family. We listed our home for sale, and the closing date is three weeks from now. We just learned that the opportunity has evaporated, and we can no longer sell our house. When we told our real estate agent we changed our mind, she told us it was too late – we were under a binding contract. What can we do?