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Top related persons:
Matt Hanley - 2 ” Hanley - 2 “ I’m - 2 Stephen Bough - 1 homebuyers - 1 ” - 1 Debra Dobbs - 1 Jeremy Cannon - 1
Top related locs:
Minnesota United States Missouri Chicago Corona , California
Top related orgs:
CNN - 2 National Association of Realtors - 2 NAR - 2 homebuyers - 1 Realtors - 1 ” - 1 Florida State University - 1

Search resuls for: "” Hanley"


2 mentions found


☆ Judge approves NAR settlement on broker commissions
  + stars: | 2024-04-24 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +2 min
On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a Missouri court. Housing experts say the settlement may effectively demolish the current real estate business model. Under the terms of settlement, which was announced in March, sellers’ agents will no longer be required to offer commissions to buyers’ agents. While the settlement does not explicitly spell the end of the traditional 6% commission, split between the seller’s agent and the buyer’s agent, commissions are expected to fall because they will become competitive and negotiable. If sellers are no longer paying buyers’ agents, homebuyers may be on the hook to pay their broker directly.
Persons: Stephen Bough, Matt Hanley, ” Hanley, “ I’m Organizations: CNN, National Association of Realtors, NAR, homebuyers Locations: United States, Missouri, Minnesota
☆ The Realtors settlement is already changing the way some Americans buy and sell homes
  + stars: | 2024-03-30 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
The mere prospect of a future settlement has already caused some Americans to change their behavior when buying and selling their homes. If approved by a judge, the settlement comes with new rules for Realtors. Potential for lower homebuying costsThe new rules could help lower home prices, experts say. Sales commissions, traditionally shared between a buyers’ agent and the agent who lists a home on the market, are usually between 5% and 6% of a home’s selling price. But, for the time being, buyers’ agents will still be able to see that Hanley isn’t offering them compensation, potentially disincentivizing them from showing his home to clients.
Persons: homebuyers, ”, Debra Dobbs, Jeremy Cannon, Cannon, ” Cannon, “, Matt Hanley, ” Hanley, “ I’m, Hanley isn’t, Hanley, “ We’ve, ‘ Let’s, ’ ”, Mariya Letdin, Letdin, ” Letdin Organizations: CNN, National Association of Realtors, Realtors, ”, NAR, Florida State University Locations: Chicago, Corona , California, Minnesota
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