I keep hearing about a lawsuit that changes the way you can pay your real estate agent? Can someone give me a quick summary of the practical implications of this for both buying and selling a home? We’re about to start the process of looking for a new home and selling ours and it’s been 10 years since we bought.
Can someone give me the basics of getting a real estate agent now?
byu/pantema inRealEstate
Posted by pantema
1 Comment
Essentially, nothing has changed. Sellers are still paying the buyer’s agent commission. As a seller, you can refuse and force the buyer to pay, but your agent won’t be happy, and potential buyer’s agents will keep their clients away. We’ve been looking at homes for over a year, and have yet to encounter one where the buyer has to pay commission.