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US Housing Market To Be Upended This Summer: What To Know

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Changes to how real estate agents are compensated are expected to come into effect in July, potentially upending the U.S. housing market.

The U.S. housing market is potentially facing the biggest overhaul in years this summer, as the powerful National Association of Realtors settles an antitrust lawsuit that could change the way real estate agents are compensated.The NAR, which counts over 1.5 million members across the country, agreed to pay hundreds of millions of dollars in March to settle cases brought against it over commissions that claimants said overburdened sellers with unnecessary costs.

'According to Miller, most agents will be asking their buyers to include a contract request for seller credits of the fee, and this might allow some financing of the fees, as long as other seller credits are not in excess of the lender limits. This is instead of getting paid via a deduction from the seller's agent commission.

 

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