Overview

• The National Association of Realtors agreed to significant changes in commission rules, potentially shifting costs directly to homebuyers.
• Homebuyers might need to negotiate agent fees directly, a move that could increase out-of-pocket expenses.
• The settlement aims to foster price competition among agents and could lead to savings for sellers.
• Real estate industry faces a period of adjustment as it navigates the implications of the new rules.
• Experts predict a mix of outcomes, with potential for both increased costs for buyers and savings for sellers.