The real estate industry got its biggest jolt in years last month, when new rules kickedin for the 1.5 million members of the National Association of Realtors, giving consumers more flexibility to set agent commission fees under a historic $418 million settlement.
Now these changes are affecting the real estate market on the ground, as Michael Rodriguez recently found out. When the first-time home buyer started his search in Northern Virginia early this year, the settlement hadn’t yet been announced — and he didn’t even know then how agents got paid. Continue here.
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