The real estate industry saw significant changes on August 17th, 2024, due to a settlement involving the National Association of Realtors (NAR). These changes are designed to increase transparency and fairness in real estate transactions, directly affecting both buyers and sellers.

If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.