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[quote=Anonymous][quote=Anonymous]Looking to sell my house in Fairfax. It is $1M+ and spoke with a few agents. I have been quoted 3% total commission for buyer and seller agent by 4 different relators. I mean it's great but is this the trend anyone else is seeing as well? [/quote] Never thought we'd see the day. So 1.5% on each side? Meaning closing costs are also dropping. [b]Homesellers who brought lawsuits against the NAR have argued that in a competitive market, the cost of the buyer’s agent’s commission should be paid by the buyer who received the service, not by the seller. The sellers who brought the lawsuit against the NAR and the brokerages said that buyers should be able to negotiate the fee with their agent, and that the sellers should not be on the hook for paying it. [/b] https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement [/quote]
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