Real Estate commissions - Changes and what they mean for you

The National Association of Realtors (NAR) agreed to new rules around real estate commissions as part of a lawsuit settlement in March. As of August 17, they’re actually rolling out — and consumers face a deluge of confusion and conflicting predictions. One narrative predicts a coming utopia for homebuyers: A price war will erupt, and commissions will plunge amid a new wave of competition among buyers’ agents. A competing narrative goes in the opposite direction: Under the new commission structure, buyers will realize they’re on the hook for thousands and decide not to use agents at all. NAR, meanwhile, has portrayed the changes as minor tweaks rather than a major shift. The opposing narratives underscore just how complex Realtor compensation has always been — and how much more complex it just got. Here’s a look at the new commission structure and what it could mean for both homebuyers and sellers. Read entire article by bankrate.com When you list your property with List4FlatFee.com, you will only be paying a flat listing fee of $285 and you may offer ZERO compensation to the Buyer's agent, allowing the Buyer to write it in the contract (offer). As a seller and principal in the contract, you may counter the offer and change the compensation to fit your goals (zero or whatever amount you are willing to pay their buyer's agent). You have complete control over your bottom line in the real estate transaction. Email me at stacie@list4flatfee.com or visit my website List4FlatFee.com for more information on my limited service MLS Listing service.