Sweeeping changes have
come to the expensive      
 fee process of buying         
a house in the US                

Active on 17 Aug 2024

Changes for sellers,

5~6% fee was shouldered  
split btwn buyer's                
and seller's agents.              

Before

Paying both?

After

Now they only have 
to pay seller's agent

Although they still    
can pay for the         
buyers, which may   
lead to better offers

Now I only
pay to you!

For buyers

No fee to agents    
and no mandatory
contract with them

Before

Contract?

You don't
need it

After

Must have contract with the
agents and pay fee to them

Fee amount can be.      
negotiatable - so it can
be flat fee or as little      
as 1.5% of the price         

No contract?

No. Sign here!

For agents

Had incentive to         
increase the amount
of the house price as 
total compensation  
was determined by it

Before

Seller, you're
my (true) boss.

After

Now have a new incentive  
to reach out to the larger    
buyers as they pay fees too

This may create competition 
between buying agents and 
may lower the fee                    

Now I have to
compete for
the buyers!

Would it lower the             
fee of house transaction?

Active on 17 Aug 2024

For the short term, NO.
The buyers may have
to pay 2.5~3% fee, so
that agents can have
similar income in total

NAR = National Association of Realtors