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How real estate commission changes could make buying and selling a home cheaper

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Buying and selling a home could get cheaper after the National Association of Realtors agreed to resolve a lawsuit and rewrite several rules that regulate how commissions are set, advertised and paid. Currently, a person selling their house pays a commission of 5 or 6 percent of the purchase price to agents. John Yang discussed more with New York Times real estate reporter Debra Kamin.

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Category
U.S. & Canada
Tags
home buyers, home owners, home sellers
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