Proposed Real Estate Settlement Could Shake Up Home Buying, Worrying Some Vegas Agents
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A proposed legal settlement could change how homes are bought and sold nationwide, altering real estate agent commissions.
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The settlement would prevent home sellers from setting commission rates for buyers' agents. Instead, buyers would determine what they pay their agents.
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Realtors in Las Vegas are worried the changes could make the home-buying process more costly for buyers and push some agents out of the industry.
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Some experts think buyers may ask sellers to pay their agent fees at closing since buyers wouldn't be forced to pay out of pocket.
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A Las Vegas couple said that despite having more savings than ever, they still can't afford to buy a home there.