I enjoyed listening to The Daily podcast on 3/20/24 about the extraordinary legal settlement with the NAR (National Association of Realtors) that will have far reaching effects on the buying and selling of properties. For starters, the standard 6% sales commission has been eliminated. Congratulations to the personal injury lawyer who filed a class action lawsuit on behalf of home sellers in Missouri, took on NAR’s high-powered corporate lawyers, and prevailed, thereby busting the decades-long rigged system.

Referencing Freakonomics and the chapter on real estate agents, in selling and purchasing homes, I have not yet enjoyed the process and found a realtor who truly deserved the high commissions. Now, with this settlement and ensuing changes, I remain hopeful for my upcoming sale.