For homeowners who now pay tens of thousands of dollars in real estate commission ($60,000 on a $1 million home, $24,000 on a $400,000 home), the savings will be significant.

If the goal is to move away from price-fixing allegations, we can’t “hide the commission.” We must let the market negotiate ...

A year after the NAR settlement business practice changes went into effect many brokers have said goodbye to cooperative ...

REAL ESTATE: HOW THE 2024 ELECTION COULD IMPACT THE MARKET Some critics, however, are concerned the agreement is another "hit" to homeownership.

Real estate agent commission rules change Saturday. Here’s what you need to know Real estate commission rules are changing Saturday.

RELATED: Confusion reigns on eve of real estate commission changes Agents and consumers say, however, there still are many questions about how the nitty-gritty details of the settlement will apply ...

For example, selling a home worth $1 million would rake in $60,000 in commission for the selling agent involved. That fee was then usually shared with the buyer's own real estate agent.

“That’s a big deal. Real estate is known to slow down or curb your mobility.” Fite said Friday’s agreement likely has no impact on sellers’ desire to move their property.

Reducing the buyer agent commission from 3% to 2% would lead to a 0.6% increase in price. A 1% commission would increase prices by 3.8%, and a 0% fee would result in a 7.3% increase.