Realtor commissions set to drop
NAR announced Friday that the powerful real estate agent group has agreed to pay an amount to settle several lawsuits from home sellers. Home sellers had argued that NAR’s fee rules forced them to pay. excessive feesaccording to the New York Times. “NAR has worked for many years to resolve this litigation in a manner […]
Realtor group agrees to slash commissions in major $418M settlement
The National Association of Realtors (NAR) will eliminate its standard 5% to 6% sales commission as part of a $418 million settlement with home sellers. The powerful real estate organization announced in a press release that it has agreed to pay $418 million in damages to resolve several lawsuits from home sellers. The lawsuit alleged […]
Ana Knezevich, the Florida realtor who went missing in Spain, was using dating app Bumble
The Florida real estate agent who went missing in Spain earlier this month in the midst of a bitter divorce had just started using the dating app Bumble, and police say she was with at least two people she had been chatting with before she disappeared. The report states that the man was questioned. Ana […]
Americans must make $120K a year to afford a home in 2024, realtor says
One expert argues that Americans now need to earn $120,000 a year to live a typical middle-class life and qualify to buy a home. “I think most people in America define the middle class as someone who works 40 hours a week and earns enough to buy the average American home,” said Freddie Smith, an […]
The ‘old American Dream died,’ Realtor details salary needed to buy a home, afford a middle class life in 2024
Orlando real estate agent and TikTok creator Freddie Smith talks about the salary a middle-class individual will need to afford a home in 2024 and other financial hurdles facing Americans starting out. . One expert argues that Americans now need to earn $120,000 a year to live a typical middle-class life and qualify to buy […]