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It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...

Exclusive: Real Estate Market Melts as Agent Commissions Plummet

A recent settlement in the real estate industry will significantly impact home buyers and sellers. The settlement restructures realtor compensation, leading to lower fees for sellers and more flexibility for buyers. Sellers will now share the commission, and buyers can negotiate their agent fees. This change increases competition among agents and could result in cost savings for consumers. Experts predict these changes will gradually reduce transaction costs in the real estate market.

Home Buying Revolution: Lawsuits Level the Playing Field

The National Association of Realtors has eliminated rules on commission rates, allowing for more flexibility in negotiations between agents and clients. This change comes in response to lawsuits and aims to provide more options for buyers and sellers. While some agents express concerns, buyers may benefit from potentially lower fees and increased opportunities in the competitive housing market. The full impact on home prices and the industry remains to be determined.

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