News Formal

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

  • 📰 6abc
  • ⏱ Reading Time:
  • 31 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Major Changes Are Coming To The Real Estate Indust News

Here's What It Means For Buyers And Sellers

Critics of the new rules say they are especially devastating for first-time home buyers and low-income buyers.

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 250. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound LoveHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Critics call out plastics industry over 'fraud of plastic recycling'Only 5 to 6% of plastic waste produced in the U.S. is actually recycled. A new report accuses the plastics industry of a decades-long campaign to 'mislead' the public about the viability of recycling.
Source: cbschicago - 🏆 546. / 51 Read more »