Wednesday, August 21, 2024

New rules could cut fees on home sales. Here’s what to know.

Buyers and sellers now have more power to negotiate commissions.
From The Times

August 21, 2024

Earlier this month, real estate agents across the United States began following new practices on how commissions are paid.

An abstract drawing on a green background shows a busy apartment building with residents questioning fees, as keys, dollar coins and speech bubbles float in the sky and symbolize confusion over payment.

Kathleen Fu

Here's what the new rules mean for buyers and sellers.

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