The $418m NAR Settlement Reshapes Wyoming Real Estate Landscape
Last month, there was big news in the real estate world: the National Association of Realtors unveiled a $418 million settlement aimed at resolving nationwide litigation concerning broker commissions and claims from home sellers. The crux of the matter lies in two significant changes: commissions will no longer be posted in the MLS (multiple listing service), and buyers will now be required to have written agreements with their agents.
Commissions remain negotiable, as they always have been. Sellers retain the option to decide on the compensation offered to a buyer’s agent. Savvy sellers understand the importance of offering competitive compensation to attract more potential buyers to their property.