Broker breaks down what NAR settlement means for Jacksonville housing market

11:51 PM EDT March 23, 2024Theagreed to a $418 million lawsuit to change the way real estate is bought and sold.

“This person gets this much money, this person gets this much money, and I’m like, ‘Ehhh, you know, whatever. Like, what do you get?’ Then you feel bad because you’re like, ‘Do you get money? Do you not get money? Like, what are we doing here,'" said Benjamin. Mandates Buyer-broker agreements – meaning buyers will have to sit down with their agents before they start touring to discuss what services and value the agent provides, and for how much.

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Real Estate Broker Settlement: What It Means for Home Buyers and SellersChristine Romans is the senior business correspondent at NBC News.
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Home buyers to be spared automatic broker commissions under new $418 million settlementThe National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' longstanding automatic commissions, commonly…
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