You’ve probably heard that changes are coming regarding how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!” But you’re also probably not sure exactly what it means, how it will work, or how you’ll benefit from the changes. Unfortunately, even if you ask the most informed agents on the planet, you probably won’t get many answers. It isn’t because agents don’t want to answer your questions; it’s because they don’t even know precisely how the changes will work. The settlement happened seemingly overnight. There was no warning or discussion with agents. They found out by reading a bunch of headlines you probably saw at the same time they did. In addition, most of the headlines are misleading because nobody knows exactly how things wi...
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