In March 2024, the National Association of Realtors (NAR) agreed to pay $418 million in damages in a class action settlement while promising to change home sale rules that were deemed unfair to buyers and sellers. The new changes were enacted in August 2024, with buyers, sellers, and Realtors trying to figure out how the new rules will affect them
Most buyers and sellers work with licensed Realtors when entering the real estate market. According to the National Association of Realtors (NAR), 89% of buyers used an agent or broker during the purchase process in 2024. Real estate agents guide buyers through each purchase step, from securing pre-approval from lenders to attending the closing ap