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major changes coming soon to the real estate market realtor commissions they are likely to drop to a fraction of what they are now ABCs Alexis C offers is here to break this all down and what this means for buyers and sellers and Alexis good morning you were telling me this is actually good for both it is good for both Gio youve got it its a big deal for anybody looking to buy or sell a home because it basically means that longtime standard 6% fee we all pay a realtor is now gone heres how the settlement breaks down so the national Association of Realtors will reduce its fees and stop requiring that sellers pay both their broker and a buyers broker it will also pay about $420 million to settle claims that its fees artificially inflated home prices the change is could slash broker fees by as much as 50% resulting in thousands of dollars in savings for buyers and sellers and heres why so if you sell a $400,000 house today youll pay your real estate broker about $24,000 in fees a c
