The Changing Landscape of Real Estate Commissions

What South Bay Buyers and Sellers Need to Know

There are a lot of headlines about real estate agent's commissions out there...some true, some false. Let's break it down for you, whether you're buying or selling a home.

How Things Used to Work

In the past, buying or selling a house meant paying a 5% to 6% commission, split between the listing agent and the buyer's agent.

What's New?

Starting in July, a new rule will shake things up. A recent settlement is changing the rules on how buyer's agent fees are shown. Those fees, usually on sites like Zillow or Realtor.com, won't be as visible. 

An agent working with buyers will be required to enter into written representation agreements with their buyers. Buyers can negotiate directly with their agent on their commission.

Sellers can still negotiate the commission and agree to pay a commission for the buyer's agent, but it's not required.

Reach out if you have any questions about the new rules! 

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