"Shifting Real Estate Commission Rules: What Buyers and Sellers Need to Know"

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 pose challenges for buyers. The proposed changes aim to address inflated agent commissions and increase transparency in the real estate marketplace. Sellers could save on commissions, but may still face pressure to cover buyer-agent commissions. The industry may see shifts in business models and buyer behavior as a result of these changes.