Published On Feb 16, 2024
Today the DOJ released it's statement of intent regarding the Nosalek/MLS PIN lawsuit. No longer will a seller be allowed to offer a blanket offer of compensation to potential buyer agents. Given the fact that most buyers do not have the ability to pay for a buyer agent out of pocket, most will purchase a home unrepresented. Oh, and commissions won't actually go down, total commissions will go up. You heard it here first!!
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