"Potential Impact of Real Estate Commission Changes on Home Buyers and Sellers"

The National Association of Realtors has agreed to rewrite rules regulating real estate commissions, potentially leading to cheaper home buying and selling. A lawsuit brought by home sellers in Missouri prompted this change, with the settlement likely reducing commissions for sellers. However, the impact on homebuyers could result in unintended consequences, such as additional financial burden. The industry may also see significant changes, including potential membership loss and reduced influence in Washington.