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房地产委员会新规定生效需要了解什么

2024-08-16 19:31

Seismic changes are about to hit the real estate world. The National Association of Realtors is dropping its standard commissions to agents as part of a deal to end antitrust lawsuits, potentially giving American home sellers more negotiating power over the fee structure when putting their houses on the market. The changes will go into effect on Saturday after a court ruling found that requirements to post commissions reduced competition and kept rates artificially high.

How things work? In the U.S., each real estate deal typically includes two agents - one for the buyer and one for the seller. Until now, sellers usually forked over a hefty 6% commission, which was then split between the two agents involved with the transaction. Larger firms that have more sway over the market have generally held steady to their rates, and while smaller boutique firms would sometimes be willing to negotiate, it would still help steer agents away from the discount commissions that were seen in the Multiple Listing Service (MLS).

Any indication of agents' compensation will now be eliminated from the MLS, including historical data, though it can be communicated by ads, phone or in person. Secondly, while sellers can still incentivize a sale by sticking to past practices, they can also say that they want buyers to be on the hook. That'll mean more paperwork, especially for buyers and their agents, who will have to sign several forms even before they go see or show a house (to clarify how the commissions will be paid).

Sector impacts: While the changes could save sellers money, they could force buyers to come up with more to pay for the fees, or incentivize agents to focus on higher-priced homes. Most agree that it can be quite a while before overall costs formally drop, though sellers may be willing to part with their homes for less if they are not paying as much for commissions. Others see the new rules as helping to re-energize the housing market, especially as mortgage rates begin to come down, with the potential for new business models or many part-time realtors leaving the industry. 

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