Realtor commissions could dwindle following settlement

The National Association of Realtors (NAR) has agreed to pay $418 million in damages, and eliminate its rules on commissions to settle several antitrust class action lawsuits - a decision that could ultimately change the way realtors are paid going forward.
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[@mengkhang1037]

I've never had a realtor really do anything for me when buying/selling a home. I'm doing all the leg work, talking to people I need to talk to. Even when there's a sale, what are they doing to actively sell my home. It goes on a site for the public to see, buyers see it and then they come and buy. Whats the point for paying them a commission for doing little to nothing.

[@joelballard4955]

Absolutely. 100% facts. No realtor ever is worth 5-6% of 4-500k. Commissions should be 1500-2000k per transactions.

[@jaredj.ernico9519]

I would suggest that you do a better job of interviewing your agent then. There are a ton of really great agents out there who will make your life easier.

[@mr.d7237]

Need flat fee agents!

[@texasnative]

Oh I’m sure sellers everywhere are going to lower their prices. Yea right!! Total BS. Commissions will not go down. Realtors will simply work around the new rules - negotiate outside of the MLS

[@Dtr1993melee]

Nah prices are going to stay the same, realtors are going to be making less. Buyers are going to assume more cost. Sellers, investors and flippers win.

[@zacb7427]

I feel sorry for them realtors cause i can barely get anyone to pay for my time fixing up cars and other stuff i wait many weeks and get shorted on everything

[@user-bq3es2zc7w]

Realtors are nothing more than car salesmen. The moron realtor we had didn't do nothing but post pictures of my house online and cost me more money than i should of paid. Next time i sell my house I'll do it myself.

[@jaredj.ernico9519]

Way to make a balanced assessment of the situation (sarcasm). Did you ever consider that lower commissions will ultimately lead to a lower quality of service to the consumer. The overwhelming majority of real estate agents do a lot for their clients. In the future, you may want to interview a few of the top producing agents in your area so that they can defend how they negotiate their fee. My guess is that the top producing agents are knocking the ball out of the park for their clients. Another angle would be to interview some of their clients who will likely confirm that their agent knocks it out of the park for them and that they’re happy to pay the commission because that agent makes their life easier.

[@paulflanagan5395]

ALL OF DAT BEAUTIFUL HAIR, I SHOULD HAVE KNOWN, NONE OTHER THAN MINNESOTA, MY 2ND HOME. ( 3 )

[@marybarger6096]

Awesome News!

[@jessemalenkesr5760]

My realtor did nothing but cost us another $10,000 & my son found the house. Every house she showed was opposite of what we were looking for

[@2stepper2000]

Realtors are Lazy and greedy

[@khadijahabdi5]

I’m

[@jonmunch3298]

Don't care.