Real Estate Commission Changes: What Sellers Need to Know

If you’re planning to sell your home, you’ve likely heard about the real estate commission changes. Historically, sellers were expected to cover both the listing agent’s commission and the buyer’s agent’s commission, typically totaling 5%-6% of the home’s sale price. However, a landmark court settlement involving the National Association of Realtors (NAR) has reshaped these long-standing practices. Now, buyers are responsible for paying their own Realtor fees unless they negotiate otherwise. This shift means sellers are no longer automatically on the hook for both agent commissions. But what exactly does this mean for you as a seller? The Top 5% of Agents Sell Homes for Up to 10% More HomeLight analyzes over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Connect with your top agent matches today at no cost. This brief post will break down these changes, how they affect your bottom line, and what you need to consider when listing your home. What are the real estate commission changes? The NAR settlement has fundamentally changed the way real estate commissions work. A federal court ruled that the NAR’s long-standing com...