"Realtor Commission Changes: Impact on Homebuyers and Industry Concerns"

A Des Moines real estate expert weighs in on the potential impacts of a national class-action settlement that could change how homes are bought and sold, cautioning that paying a full-price commission to a more experienced agent might be the best bet for investment. The settlement, which ends the practice of charging buyers and sellers a combined sales commission of roughly 6 percent, could impact who ends up paying it, potentially leaving first-time homebuyers and Veterans struggling to cover thousands of dollars for their agent's fee.