Tag: realtor definition

The National Association of Realtors doesn’t set commission rates

Some are saying the association is the one who made that 6% commission rate standard.

CHARLOTTE, NC — A new settlement may change commission rates for real estate agents moving forward.

For decades, the National Association of Realtors (NAR) has required brokers to provide an offer of compensation to buyers agents up front. That usually comes to about 6%, split between the sellers and buyers agents. Some are saying the association is responsible for making that 6% commission rate standard.

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A $418 million settlement is about to change the game when it comes to commissions for real estate agents. Sellers would no longer have to make a compensation proposal to prospective buyers and their agents.

Some are saying that the so-called standard 6% commission set by the NAR will go away — but has it always been 6%? The WCNC Charlotte Verify team looked into it.

THE QUESTION

Does the NAR set commission rates?

THE ANSWER

No, the NAR does not set these commission rates. They have always been negotiable.

THE SOURCES

WHAT WE FOUND

“The NAR does not set commissions, and they

Orillia man gets life in prison for killing Collingwood realtor

‘Every murder is by definition a crime of great violence, but the assault on Miss Kriston was particularly vicious,’ said judge who sentenced John Collins today

Warning: The following story contains details of domestic violence and murder that some readers may find disturbing.

John Collins has been handed a sentence of life in prison without the possibility of parole for 16 years.

Orillia resident Collins pleaded guilty in December to second-degree murder in the death of Kinga ‘Kay’ Kriston, a real estate agent found dead in her Collingwood home on June 10, 2022. He was sentenced in a Barrie courtroom on Jan. 9 by Madam Justice Michelle Fuerst.

“Every murder is by definition a crime of great violence, but the assault on Miss Kriston was particularly vicious,” said Fuerst in her decision to read out to the court. “She was attacked in her own bed, in her own home, a place that should have been one of safety and refuge from harm.”

A statement of facts agreed upon by Collins’ defense lawyers, David O’Connor and Brenda Lawson, and the Crown attorneys, Lynne Saunders and Jenna Dafoe, laid out what the prosecution referred to as “a brutal murder of the gravest