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However, thanks to the new real estate rule,potential homebuyers could benefit.
In March, the NAR agreed to pay a $418 million settlement overfour years but opposed any misconduct.
Instead,the organization, which consists of over 1.5 million Realtor members, amended the rules.
But things were much different prior to the verdict.
The new commission rule will reduce costs for consumers andhelp out some homebuyers.
Read on to find out how.
In addition, the homebuyer can not have an agent at all if they choose.
The Bottom Line
The new policy would help both parties in certain ways.
While there are benefits, there is also a disadvantage for homebuyers.
In addition, there can be more back-and-forth when working out the terms of the contract.
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