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Illinois Association of Realtors Sponsoring Broker Sponsored Form

Illinois Association of Realtors Sponsoring Broker Sponsored Form

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Instructions and help about Illinois Association Of Realtors Sponsoring Broker sponsored

a new agreement could change the way we buy and sell homes and it could also potentially lower home prices it surrounds commission charged by real estate agents Megan Lee explains real estate agent and broker Sophia Barry based in Shorewood says she heard about the major settlement Friday morning I'm not panicky at all the National Association of Realtors the largest trade group in the nation agreed to pay $418 million to settle class action lawsuits over broker commissions which are typically up to 6% of the purchase price as part of the settlement they admit to no wrongdoing we're very used to that kind of generic um concept of a Cobo commission being right there listed on um the listing and that's going to go away instead sellers home buyers and agents would be able to negotiate fees UPF front a practice Sophia really believes in I've always made it a point to have conversations with my clients on both sides seller and buyer um negotiate my commission

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