"Realtor Commission Rules Changing: Impact on Buyers and Sellers"

1 min read
Source: MLive.com
"Realtor Commission Rules Changing: Impact on Buyers and Sellers"
Photo: MLive.com
TL;DR Summary

The National Association of Realtors has agreed to change its rules regarding broker commissions, potentially shifting the cost of hiring an agent to homebuyers. This could lead to more price competition for agents' services and lower costs for sellers, but may also pressure homebuyers to pay their agent's commission out of pocket. The proposed changes aim to address inflated agent commissions and increase transparency, but the full impact on home sales and the real estate industry remains uncertain.

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