New Rules Shift Real Estate Agent Fees to Homebuyers

Homebuyers must now negotiate and pay agent fees upfront, altering decades-old practices.

Buyers need to negotiate agent fees before starting their home search due to a recent court settlement.
The traditional model where sellers paid both agents' commissions has been replaced with more flexible payment options.
Buyer's agents must now have a written agreement outlining terms, compensation, and services before working with clients.
The changes could lead to lower overall commission rates but introduce variability in service levels and payment models.
Buyers should carefully evaluate and negotiate the best value for agent services, considering new fee structures.