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A luxury agent on how the NAR settlement will change his business – The Washington Post
Many real estate agents already were struggling to get by in a housing market plagued by high prices and low inventory. Now a proposed settlement in litigation accusing the National Association of Realtors of artificially inflating commissions threatens to forever change the way they make money. The settlement would do away with a 6 percent sales commission as a default, a longtime fixture of home sales. Experts say that could mean lower costs for home buyers, but also changed business strategies for real estate agents, who suddenly would have to…
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