Joanne Y. Cleaver sold her home for $725,000 via Facebook Marketplace, avoiding traditional real estate agents and saving $25,000 in fees, highlighting a changing landscape in real estate.
Changes to real estate commission advertising and payment, initiated in August, have sparked discussions about the potential decline of real estate agents as individuals explore alternatives.
The buyers’ commission, traditionally paid by sellers, has now been uncoupled, possibly shifting more financial responsibility onto buyers, especially first-time home purchasers.
The ongoing legal challenges to the National Association of Realtors underscore significant shifts in the industry, with the potential for self-represented transactions becoming more commonplace.
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