The settlement will eliminate the long-standing standard 6% commission paid by the seller, which could ultimately make it cheaper to sell your home post-settlement. The case for getting in on spring homebuying seasonThe settlement could present a major downside to homebuyers. Under the current system, the buyer’s agent’s commission is baked into the total they pay for a home. On top of that, they may be able to avoid having to pay the buyer’s agent’s commission. But in his view, the NAR settlement shouldn’t be a major consideration when it comes to timing.

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Persons: it’s, Phil Crescenzo Jr, There’s, he’s, ” Mike Downer, Mike Downer, he’d Organizations: New, New York CNN, National Association of Realtors, Nation One Mortgage Corporation, Buyers, NAR, Coldwell Banker Locations: New York, Naples , Florida