Buyers' agents will no longer charge 6% commission fees for helping buyers purchase a house.
However, the lowered commissions may mean buyers have to do more work themselves.
And while the new rules around Realtors' commission fees mean buyers may save thousands of dollars on their homes, they may also end up doing more work themselves to find and purchase new houses.
Other sellers, the outlet reported, won't offer any commission to pay a buyer's agent at all in a process called decoupling.
If the seller doesn't shell out for the buyers' agent fees, as real estate transactions have typically been structured, this will leave the buyer's agent commission negotiations — and potentially the out-of-pocket payment for their fees — up the the buyer.
Persons:
Buyers, —, Robby Braun, Cohen Milstein Sellers, Toll, they're, Toby Schifsky, Kaplan, BI's Grace Eliza Goodwin
Organizations:
National Association of Realtors, Service, Realtors, Street, Washington Post