How the 6% realty commission decrease impacts agencies and house prices

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How the 6% realty commission decrease impacts agencies and house prices
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While commissions can increase home costs, there are other factors to blame for high prices.

The National Association of Realtors settled an anti-trust lawsuit for over $400 million, taking away a 6% commission from home sales.DOTHAN, Ala. - The National Association of Realtors settled an anti-trust lawsuit for over $400 million.

It takes away a set six-percent commission from home sales---forcing agents and sellers to negotiate. With this new change, people in the market for a new home are also wondering how this could impact their buying process.“Interest rates are driving it right now,” said Roberts. “People are trying to hold off for lower interest rates. That is not going to happen.”

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