Realtor rules just changed dramatically. Here’s what buyers and sellers can expect

[ad_1] So long, 6% commission. For decades, real estate commissions have been somewhat standardized, with most home sellers paying 5% to 6% commission to cover both the listing agent and the buyer’s agent. On Friday, everything changed. A landmark agreement from the National Assn. of Realtors paved the way for a new set of rules … Read more

Home buyers and sellers to be spared automatic broker commissions under $418 million settlement

[ad_1] A home available for sale is shown on October 16, 2023 in Austin, Texas. Brandon Bell | Getty Images The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing automatic commissions, commonly of up to 6% of the purchase price. Instead, home buyers and sellers would … Read more