News
By Rebecca Liebson, Tampa Bay Times
08-14-24
The business of buying and selling a home in Florida could be turned on its head as new rules for how real estate agents get paid go into effect Saturday.
The changes were prompted by a series of antitrust lawsuits filed against the National Association of Realtors that claim it enforced practices that made it more expensive to sell a home. The industry group is also facing a $418 million settlement.
For decades, sellers have used money from the home sale to pay a commission fee that gets split between their agent and the buyer’s agent. Typically the fee is around 5-6%, though the National Association of Realtors says that number has always been negotiable.
Read the full article here: Buying a home in Florida just got more complicated thanks to new rules (tampabay.com)
