Reported about 2 months ago
Beginning August 17, 2024, new rules from the National Association of Realtors (NAR) change how real estate commissions are structured, requiring buyers to enter a representation agreement with agents before touring homes and banning sellers from advertising commission rates. These changes aim to empower consumers and create a more competitive market, although some experts warn they may initially discourage buyers due to potential out-of-pocket costs for agent fees.
Source: YAHOO