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Realtors could now compete on commissions, allowing for prospective buyers to shop around on rates before they commit to buying a home. Brokers could begin to advertise their fees, allowing ...
Changes to how commission works for real estate agents recently went into effect. Here's how the process of buying and selling a home has changed.
The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes.
A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay...
The first change prohibits agents’ compensation from being included on multiple listing services, which are centralized databases used by Realtors to share details about homes for sale.
Starting August 17, 2024, sellers no longer need to pay both agents' commissions up front, fundamentally changing how homes are bought and sold. Discover how these new real estate commission rules will affect buyers, sellers, and agents navigating this shift.
New rules could start saving home buyers and sellers thousands of dollars in lower commissions as soon as this summer, but experts say it will take the market some time to digest the changes.