Learn about the lawsuit alleging inflated commissions mandated by NAR, affecting how buyer's agents get paid.

Explore the $1.8 billion in damages awarded, shedding light on the debate over commissions.  Many believe that the verdict will be appealed, as there seem to be many holes in the case (ie..commissions have indeed always been negotiable), but regardless, this case has revealed a weakness in the system since the day “buyer’s agency” became a thing.

Understand how this landmark ruling might shape the future of real estate transactions, potentially impacting both buyers and sellers. Beware: experts' opinions vary!!! Interpretations by some real estate agents could have a negative impact on the sale of your home. In an effort to guide agents and clients and in reaction to the lawsuit, REBNY has forced a “decoupling” of commissions, separating the conversation for sellers’ agents and buyers’ agents.

While we are still unsure how the “decoupling” will play out, we can guide you through the process and simplify your choices as a seller.  How will buyers' agents react?  Buyer agents get your house sold so your decision needs to be an informed decision.

Gain perspective from industry experts on the potential changes in commission structures and their implications for the market.

Agents will begin to discuss buyer compensation with their sellers to include different choices on how they would like to compensate the buyer's agent. We have narrowed that down to three choices and can easily explain the risks and benefits of each choice.

If you have an agent who is not informed or not willing to discuss this lawsuit and how it may affect the sale of your home, we highly recommend doing your research on the topic, and perhaps you should consider interviewing another agent.  Or call us for more information.

Stay informed and empowered as you navigate the real estate journey. Our team is here to guide you through any questions or concerns. Call us at (718) 448-1991. 

Don't miss out on understanding the latest developments shaping the real estate landscape. Join us at The Joe Tirone Team as we keep you informed and empowered every step of the way.

https://money.com/nar-lawsuit-housing-market-impact/

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/nar-attorneys-buyer-representation-is-not-a-thing-of-the-past