AdvertisementThese changes, spread out over millions of transactions a year, have the chance to reshape the housing market.
Real-estate agent commissions have hovered between 5% and 6% of the sale price for decades.
If sellers are in a desirable market, they might start offering less commission to buyers' agents, or none at all.
This would force buyers' agents to get more creative.
It has made it clear that it doesn't want sellers offering compensation to buyers' agents.
Persons:
there's, Rich Pedroncelli, doesn't, they're, Bret Weinstein, they'll, I'm
Organizations:
National Association of Realtors, Federal Reserve Bank of Richmond, Department of Justice, NAR, DOJ, AP, MLS, Department, Justice
Locations:
Denver