
A landmark settlement has significantly reshaped the U.S. housing market, altering the traditional commission structure for real estate transactions. The agreement, which has led to a notable decrease in the commission rates from the previous 5%-6% to 2%-2.5%, aims to address the affordability crisis and make homeownership more accessible. This change has prompted a mixed reaction among real estate professionals, with some predicting workarounds to protect their commissions, while others consider leaving the industry. The settlement has also resulted in a plunge in the stock prices of major real estate companies such as $RMAX, $HOUS, and $RDFN. The new commission structure is expected to save home buyers and sellers a significant amount of money, potentially transforming the way homes are bought and sold across the country. "Sellers are unlikely to pay brokers buying commission anymore."



















After several lawsuits brought by home sellers, the rules around buying and selling properties in the U.S. are about to change. Listen to "The Daily" to hear how the far-reaching change could drive down housing costs. https://t.co/wswBjeHRFp
Buying And Selling A Home In California Set To Change https://t.co/PfwLE51HGJ
As soon as this summer, @nardotrealtor could retire a long-standing system traditionally setting brokers fees at 6% of the cost of a home sale, in a change to escape mounting claims that the rules caused home sellers to pay more than their fair share. https://t.co/q4GZclesOq