This summer brought big changes to real-estate commission structures, resulting from a multi-million dollar settlement that requires brokers to individually negotiate fees.
The $418 million settlement decouples commissions for sellers' and buyers' agents, challenging the conventional practice where sellers paid both parties.
With commission splits previously posted on MLS, the new rules are expected to lead to reduced rates, influencing home prices in the market.
This shift raises questions for buyers and sellers about their obligations and the financial implications as broker fees evolve under the new regulations.
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