Selling Smarter: What the NAR Settlement Means for Today’s Home Sellers
The National Association of Realtors (NAR) settlement, finalized in 2024, has ushered in significant changes to real estate commission structures, offering home sellers more flexibility and potential cost savings. Previously, it was customary for sellers to cover both their own agent's commission and that of the buyer's agent. Sellers are no longer required to pay the customary buyer’s agent commission—potentially saving thousands in fees. This major change gives you more control over your listing costs and allows you to decide whether to offer compensation to a buyer’s agent. The National Association of REALTORS® (NAR) has consistently maintained that real estate commissions are not set by law and are fully negotiable between brokers and their clients. This principle has been a longstanding policy of the organization. We’ll help you navigate this new landscape to maximize your profits and minimize unnecessary expenses.
