New Real Estate Broker Regulations to Change Homebuying, Selling Process

New regulations for real estate commissions are set to take effect Aug. 17, based on a settlement reached earlier this year, which ended a lawsuit filed by home sellers against the National Association of Realtors. There are still a lot of unknowns about how the new rules will play out, but the change could significantly impact the market, say experts. “It’s still a matter of time before it shakes out,” Norm Miller, professor emeritus of real estate at the University of San Diego, told The Epoch Times, “but as soon as some firm decides to compete on price, it’s going to be a revolution.”...