I'm sure many of you have seen the recent headlines regarding the settlement proposed by the National Association of Realtors regarding a series of plaintiff class action lawsuits. The past couple of weeks have seen sensational headlines on the proposed deal along with a lot of speculation on the impacts. The facts are actually pretty simple and it is unlikely that the housing market will see substantial disruption as a consequence. For more context, take a look at the article my wife just posted on how the proposed changes are likely to impact home buyers and sellers.
The National Association of Realtors recently announced a settlement in a class action suit regarding how real estate agents are compensated. The case has been receiving coverage from major publications around the country, but the facts of the proposed settlement are considerably less sensational. I've deconstructed the key details of the case to help home buyers and sellers better understand how they may be impacted. https://hubs.li/Q02qMY9D0 #DRE01930373 #EastBayRealEstate #industryinformation #classaction #commissions #knowthefacts
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3moJeff, thanks for sharing!