Posted 3/21/2024, 11:16:00 AM
New real estate rules spark fears of lower pay and more competition among agents
- Realtors predict lower pay and more competition for clients due to new rules on commissions and buyer agreements
- Sellers will no longer be required to offer commission to buyers' agents, so some may not get paid
- Buyers may now need to pay their agent's commission if the seller does not agree to it
- The changes could push many realtors out of the profession due to lower pay
- Experts disagree on whether home prices will go down due to lower commissions or up due to buyers paying more
