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Realtors Reckon With a Seismic Shift to How They Get Paid
The settlement with National Association of Realtors will take time to sink in. Now buyers are expected to pay upfront for the help in making the purchase of a house. Prior to this change sellers paid what was called a commission which was baked into the hose price, kind of made less visible. Now that the cost is made visible it can go directly to the payment of the realtor or buyer agent in the form of payment for services rendered such as how much his services cost, how much for a home inspection. The result should benefit home buyers, and mitigate the lack of affordability problem many buyers face today.
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