Real Estate
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Why a Buyer’s Agent is Important for You as a Consumer
The Big Real Estate Debate! If you haven’t already heard, there is an ongoing lawsuit between the DOJ (Department of Justice) and NAR (National Association of Realtors) about real estate agent commissions, pocket listings, and MLS (Multiple Listing Site) regulations. This four year long debate has the potential to force some significant changes in the real estate industry. One of the biggest changes could be the commsion structure of a transaction. The big question is: “Should sellers pay both buyer’s agent and seller’s agent commissions?” Although this has been the practice in the industry for the past 75 years, many feel it is time to restructure how commissions are paid.…