A must Read about the hot topic of Real Estate Commissions
This week I want to share with you an article from the Herald-tribune about the hot topic of the Real Estate world lately Real estate pro says don't believe National Association of Realtors settlement myths Budge Huskey Special to the Herald-Tribune Last week the National Association of Realtors announced a settlement agreemen t in the Sitzer Burnett case that would take effect in July. For those who missed the declarations in the media that this outcome will render transacting real estate almost free, protect consumers, and make homeownership affordable once again, the settlement does none of that. Here’s the truth. 1. The settlement forces brokers to reduce their compensation. False. The settlement in no way establishes a standard or limitation on Realtors for what they may charge, nor services they elect to deliver. Those fees have always been negotiable and there has never been any collective bargaining. In every market, there is a wide variety of fees, just as there are level...