Although there is initial confusion regarding what the NAR settlement requires, in time, the setlement should increase transparency in buyer broker commissions and provide brokers an opportunity to build more trust with their clients.
Read MoreAfter the NAR settlement, unbundled services and negotiated commissions could benefit sellers of higher-priced homes more than buyers and sellers of low-priced homes.
Read MoreFor home sales, multiple listing services (MLS) are the main source of information about properties listed for sale. Buyers cannot access MLS completely on their own because MLS limits most access to licensed real estate brokers and agents. Although sellers can try to sell their own homes, they cannot replicate the advertising brokers can provide due to their access clients through access to MLS.
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