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Real Estate Changes In July 2024

Real Estate Changes In July 2024

Real Estate Changes In July 2024. Learn how these changes impact buyers, sellers, and real estate agents. The 6% commission, a standard in home purchase transactions, is no more.


Real Estate Changes In July 2024

Nar has chosen to end its legal fight against a flood of commission lawsuits that have roiled the industry over the last five years. Economists at the federal reserve bank of richmond estimate the changes could save homebuyers $30 billion a year, with most of those savings coming out of the pockets of real estate agents.

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