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NAR Settlement to Impact Canada’s Real Estate Market? [Video]

Categories
Canadian Economy and Markets

NAR Settlement to Impact Canada’s Real Estate Market?

#canadarealestate #canadianrealestate #NAR

The $418 million dollar NAR settlement could impact real estate commissions in Canada – this according to Tom Davidoff of UBC. The settlement, which is being called ‘the worst thing ever’ for realtors – could fundamentally change Canada’s real estate market if a similar settlement is reached here in Canada.

Links:

Real estate agents caught breaking the law on hidden camera (Marketplace):

https://www.youtube.com/watch?v=ShBvRe0Jv68

U.S. realtors to change commission rules as part of US$418 million settlement:

https://financialpost.com/real-estate/us-realtors-change-commission-rules-418-million-settlement

Impact of U.S. real estate commission changes on Canada:

https://globalnews.ca/video/10374895/u-s-real-estate-commission-changes

The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement:

https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html

How could the US’s seismic real estate settlement impact Canada?:

https://www.mpamag.com/ca/news/general/how-could-the-uss-seismic-real-estate-settlement-impact-canada/482153

New Rule Change Could Be ‘Worst Thing Ever’ for Realtors And Great News For Homebuyers, With This Real Estate Stock Seen As A ‘Beneficiary’:

https://finance.yahoo.com/news/rule-change-could-worst-thing-200011760.html

Toronto real estate class-action could affect billions of dollars in commissions:

https://financialpost.com/real-estate/toronto-real-estate-lawsuit-could-be-landmark-case

Realtor commission structures could change as early as July 2024:

https://www.bnnbloomberg.ca/video/realtor-commission-structures-could-change-as-early-as-july-2024~2888260

An exodus of 45,000 Ontario real estate workers has hit the industry since the slowdown — but some say Toronto still has too many agents:

https://www.thestar.com/real-estate/an-exodus-of-45-000-ontario-real-estate-workers-has-hit-the-industry-since-the/article_f681d9c6-caa4-11ee-a08d-5b7812af7f91.html

What a $418 million settlement on home-sale commissions may mean for you:

https://www.cnbc.com/2024/03/20/what-the-settlement-on-home-sale-commissions-means-to-you.html

Landmark U.S. settlement could impact Canadian housing market:

https://www.cbc.ca/news/canada/british-columbia/us-real-estate-commission-impact-1.7148033

Western Law:

https://law.uwo.ca/future_students/jd_admissions/first_year_applications/applicant_categories.html

Real Estate Salesperson Program Admission Requirements:

https://humber.ca/realestate/become-a-salesperson/admission-requirements.html

Realtors called out for “mocking” Canadians struggling to buy a home:

https://dailyhive.com/vancouver/realtors-mocking-canadians-afford-homes

We’ll soon find out the true value of real estate agents:

https://www.washingtonpost.com/opinions/2024/03/21/real-estate-agent-value-dropping/

What the Realtor Lawsuit Settlement Means for Homebuyers and Sellers:

https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers

Realtor commission change delivers a boon to homebuilders, a blow to real estate platforms:

https://ca.finance.yahoo.com/news/realtor-commission-change-delivers-a-boon-to-homebuilders-a-blow-to-real-estate-platforms-130043155.html

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