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The 6% commission, an old custom born in Chicago, may fade out as big brokerages announce changes in the wake of a class-action lawsuit.

Big Brokerages May Change the Century-Old Way We Buy Homes

Key Points:

  • The 6% commission, an old custom born in Chicago, may fade out
  • Big brokerages announce changes in the wake of a class-action lawsuit
  • These changes could potentially upend the traditional way we buy homes

Important Insights:

Changes in Commission Structure

As big brokerages announce changes in response to a class-action lawsuit, the century-old 6% commission custom may soon become a thing of the past. This could lead to a significant shift in the way we buy homes, with potential benefits for both buyers and sellers.

Impact on the Real Estate Industry

With the potential changes in commission structure, the real estate industry may need to adapt to new ways of conducting business. This could lead to increased competition among brokerages and a more transparent process for homebuyers and sellers.

Hot Take:

As the real estate industry evolves, it’s crucial for both buyers and sellers to stay informed about these changes and how they may impact the home buying process. Working with a knowledgeable realtor can help ensure a smooth and successful experience when navigating the ever-changing world of real estate.

Jessica Fulk, an expert in real estate, suggests asking the following questions:

“How will these changes in commission structure impact my home buying or selling experience?”

“What should I look for in a realtor to ensure they are knowledgeable about these changes and can guide me through the process?”

“How can I stay informed about the latest trends and changes in the real estate industry?”

Whether you’re looking to buy a home or sell a home, staying informed and working with a trusted realtor can make all the difference. Contact Jessica Fulk today to learn more about how these changes may impact your real estate journey.



Orginal article: Link To Article – provided by Kansas City Realtors