In 2024, new regulations reshaped how real estate commissions are disclosed across the U.S., providing buyers and sellers clearer information and improving transparency.
As of August 17, 2024, buyers must now agree to their agent's fee in writing before starting home tours, shifting some financial responsibility to buyers.
Although there are standard expectations for commission percentages in Texas, these fees are fully negotiable, allowing parties to customize agreements based on their needs.
Understanding who pays the commission is crucial; traditionally, sellers cover both their own agent's commission and the buyer's, but this is now negotiable.
#real-estate-commissions #texas-housing-market #regulations-2024 #buyer-responsibilities #negotiation-strategies
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