• NAR commission rules
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    NAR commission rules for home buyers

    The real estate industry has undergone a significant transformation, involving NAR commission rules for buyers. This pertains particularly in how commissions are handled for buyer’s brokers. For many years, the traditional approach allowed sellers to pay the buyer’s broker’s commission, simplifying the process for buyers. However, new rules from the National Association of Realtors (NAR) lawsuit are changing this landscape, making it crucial for both buyers and sellers to understand their new responsibilities. The Old Way: Sellers Paying the Buyer’s Broker Commission Traditionally, when a home was sold, the seller would pay a commission that covered both their own listing agent and the buyer’s broker. This arrangement meant that buyers could work…

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