Major changes are coming to the real estate industry | Here's what it means for buyers and sellers

This will impact both home buyers and sellers, particularly how they work with agents. It all stems from a massive settlement offered by the"We had a very experienced agent to help us," noted Brian Kordeck.

"We use the multiple listing service. And when we use the multiple listing service, we invite other real estate agents to bring their buyers to look at your house to possibly buy it," explained But proponents of the new changes say commissions will be more transparent and buyers will have more freedom to pay for only the services they want from an agent or to choose not to hire an agent at all."They'll be paying less in commissions," said Reidenbach. "So this is part of that broader movement to protect consumers and eradicate fees that harm the average homeowner."

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