Broker breaks down what NAR settlement means for Jacksonville housing market

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The $418 million settlement will change the way real estate transactions are done.

11:51 PM EDT March 23, 2024Theagreed to a $418 million lawsuit to change the way real estate is bought and sold.

“This person gets this much money, this person gets this much money, and I’m like, ‘Ehhh, you know, whatever. Like, what do you get?’ Then you feel bad because you’re like, ‘Do you get money? Do you not get money? Like, what are we doing here,'" said Benjamin. Mandates Buyer-broker agreements – meaning buyers will have to sit down with their agents before they start touring to discuss what services and value the agent provides, and for how much.

 

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