The settlement consists of lots of sizeable rule alterations. It bans N.A.R. from establishing any kind of rules that could permit a vendor’s agent to set payment to get a consumer’s agent, a apply that critics say has long resulted in “steering,” during which customers’ brokers direct their shoppers to pricier households within a bid to collect An even bigger Fee Test.
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Economists estimate that commissions could now be decreased by 30 percent, driving down house rates throughout the board.
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