, /PRNewswire/ — AccountTECH is pleased to announce significant new findings regarding the effects of the NAR Settlement, finalized in August 2024, on commission rates that real estate agents charge to buyers and sellers. The recently concluded study, led by the data analysis team at AccountTECH, explored whether the anticipated declines in commission rates have materialized. Many professionals in the industry as well as attorneys involved in the lawsuit believed that the settlement of the lawsuit would drive down commission rates to home buyers and sellers.
The research analyzed commission trends before and after the settlement to determine if the changes have led to a significant impact on the rates charged by real estate agents to both buyers and sellers. The study discovered that for the first 60 days since the settlement went into effect, there has been only minor impact – with no far-reaching implications for real estate professionals, buyers, and sellers alike. In …