Navigating the New Real Estate Commission Rules: What First-Time Homebuyers Need to Know
In August 2024, a landmark settlement involving the National Association of Realtors (NAR) brought significant changes to how real estate commissions are handled in the U.S. These changes, stemming from the Burnett v. National Association of Realtors case, have reshaped the traditional dynamics between buyers, sellers, and agents. For first-time homebuyers, understanding these new rules is crucial to making informed decisions in today’s housing market.
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First Time Home Buyer, Home Buying