What does the NAR settlement actually mean for buyers, sellers, and real estate agents? In this episode of Ladies Who List, Chicago real estate agents Hayley Westhoff and Anna Theofanous break down the National Association of Realtors settlement and separate fact from media-driven headlines.

They explain how the new buyer broker agreement works, why buyers are still paying their agent’s commission just structured differently, and how sellers continue to net the best results by offering buyer compensation. This episode clarifies common misconceptions around commission changes, unrepresented buyers, and whether real estate agents are still necessary in today’s market.

You will hear real examples from active transactions, including how commissions are negotiated into offers, why seller pricing often reflects buyer agent compensation, and why fears of buyers skipping agents have not materialized. Hayley and Anna also discuss how increased transparency has added professionalism to the industry and why experienced agents remain essential for navigating negotiations and protecting client interests.

If you are confused about the NAR settlement, buyer agent agreements, or how commission changes impact your next real estate transaction, this episode delivers a clear and practical explanation of what has actually changed and what has not.