The NAR settlement offers brokerages an opportunity to redefine their value prop and protect commission revenue.

For homeowners who now pay tens of thousands of dollars in real estate commission ($60,000 on a $1 million home, $24,000 on a $400,000 home), the savings will be significant.

Traditionally, the commission is anywhere between 5-6%. Both parties (buyer and seller) can see this commission on the settlement statement they receive from the closing agent or attorney.

Real estate agent commission rules change Saturday. Here’s what you need to know Real estate commission rules are changing Saturday.

REAL ESTATE: HOW THE 2024 ELECTION COULD IMPACT THE MARKET Some critics, however, are concerned the agreement is another "hit" to homeownership.

After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. Judge Stephen Bough has granted final approval to the commission lawsuit settlement ...

RELATED: Confusion reigns on eve of real estate commission changes Agents and consumers say, however, there still are many questions about how the nitty-gritty details of the settlement will apply ...

For example, selling a home worth $1 million would rake in $60,000 in commission for the selling agent involved. That fee was then usually shared with the buyer's own real estate agent.

Reducing the buyer agent commission from 3% to 2% would lead to a 0.6% increase in price. A 1% commission would increase prices by 3.8%, and a 0% fee would result in a 7.3% increase.

“That’s a big deal. Real estate is known to slow down or curb your mobility.” Fite said Friday’s agreement likely has no impact on sellers’ desire to move their property.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) disclosed in a recent 8-K filing with the Securities and Exchange Commission that the company will be entering into an indenture agreement with a ...