Commission Rules Are About to Change

Real Estate News / Mar 22, 2024

The landscape of real estate agent fees may soon undergo transformation, alongside long-standing regulations dictating broker commissions. These policy adjustments might catalyze price competition among agents’ services, potentially reducing costs for sellers, who traditionally shoulder both the buyer’s and their own agent’s commission fees. Consequently, homebuyers could encounter pressure to cover their agent’s commission directly, potentially posing challenges, particularly for those already financially stretched by down payments and other upfront expenses. Despite these shifts, experts caution that the full impact on home sales remains uncertain, anticipating an adjustment period as buyers, sellers, and agents adapt to the evolving landscape.

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