Five Ways Buying and Selling a House Could Change


A recent settlement may revolutionize the residential real estate market by challenging the traditional 6 percent sales commission and altering who bears the cost. The National Association of Realtors, following a lawsuit brought by home sellers in Missouri, is set to modify its regulations on how agents for sellers and buyers are remunerated. This change could lead to a decline in commission rates and increased transparency in the real estate process, potentially impacting both buyers and sellers. The agreement also introduces the possibility of buyers paying their own agents, which may prompt some buyers to forgo using an agent altogether. Additionally, the settlement could influence non-N.A.R. member agents and is anticipated to have widespread repercussions throughout the industry.



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