Lawsuits over who should pay buyer’s agent could upend housing market

By Kenneth R. Harney Kenneth R. Harney Email Bio May 15 at 6:30 AM The long knives are out again for one of American real estate’s oldest and most controversial traditions: requiring home sellers to pay the agents who represent the buyers of their properties.

The original suit, which already ranks as the most significant antitrust litigation against real estate agents in decades, is now pending in U.S. District Court in Chicago, with NAR’s reply to the complaint expected shortly. NAR, which is the largest lobby in the real estate field, rejects the premises of the suits and pledges to fight them vigorously.

Today, however, buyers don’t give it a thought, and they often do not even know what commission split the buyer agent expects to receive.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Trump’s trade war with China doesn’t bode well for an already shaky U.S. housing marketHomeowners looking to sell may have reason to grow increasingly concerned about President Trump’s deteriorating relationship with China. Fake news. The housing market is smoking hot. Trump doesn’t care.💩👺👹🤡
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Home builder confidence hits a 7-month high in May as housing market headwinds easeA measure of industry sentiment among home builders jumped more than expected, in a possible sign that they may increase their building activity to meet...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Mortgage rates slump for the third-straight week as big questions dog the housing marketRates for home loans fell as bonds became more attractive to investors, but real-estate professionals are starting to wonder what the future housing market... Good
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Dispensed: Troubles at uBiome, pharma giant Merck's plan to upend the $20 billion HIV market, and why insurers are starting to embrace brands like SmileDirectClubWelcome to Dispensed, our weekly dispatch of healthcare, biotech, and pharma news from Business Insider.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »