In 2024, changes to real estate commission disclosures will provide clearer information for buyers and sellers, enhancing transparency and informed decision-making regarding real estate fees.
As of August 17, 2024, buyers will be required to agree in writing to their agent's fees before touring homes, making the negotiation dynamic more flexible.
Commission rates in Tennessee can vary significantly based on transaction details, highlighting the importance of negotiation between buyers, sellers, and their agents.
Traditionally, sellers covered both their own agent's commission and the buyer's agent's fees, but upcoming changes will allow for a more negotiable structure.
#real-estate-commissions #tennessee-housing-market #buyer-seller-negotiation #2024-regulations #transparency-in-real-estate
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