These 5 Ways Will Change When Buying and Selling a Home

May 15, 2024 | Categories: Home, Personal Finance, Real Estate

5 Ways Buying and Selling Your House Will Change

The National Association of Realtors (NAR) has long regulated the way homes in the U.S. are sold. Now that a new settlement was reached in March, the Realtors’ commissions will change, as will how you work with Realtors — whether you’re buying or selling a home.

The 6% commission rule on buying or selling a home has been eliminated. The seller used to have to pay the broker and a buyer’s broker. That took away a serious chunk of cash the seller could have otherwise pocketed.

Learn how things will change for buyers and sellers starting in July 2024 and beyond at Go Banking Rates.

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