End of Seller-Paid Agent Commissions Marks New Era in Home Buying.

Starting this August, the traditional practice of seller-paid agent commissions is being phased out, potentially reshaping the real estate landscape. With sellers no longer responsible for paying buyer agent fees, the cost burden shifts directly to buyers. This change may increase upfront costs for buyers, impacting affordability and complicating transactions, especially for first-time buyers. The National Association of Realtors (NAR) is actively addressing these shifts as the industry adapts to the new norm.