Reported about 2 months ago
Starting this weekend, prospective homebuyers will face increased complexity in purchasing homes due to new National Association of Realtors (NAR) regulations. Buyers must now hire and pay for their own real estate agents, signing contracts before house hunting, which poses financial challenges, especially for first-time buyers. While these changes aim to enhance transparency around agent compensation, they introduce hurdles such as negotiating agent fees and outlining exclusive agreements, potentially complicating the buying process.
Source: YAHOO