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 MoreAs long as buyer's brokers' compensation is paid by sellers and incentivize the highest possible sales price, without court intervention, the home sales process is likely to remain largely unchanged.
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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