Navigating Real Estate’s Seismic Shakeup: What Buyers and Sellers Need to Know #News #RealEstate

When Dana McMahan sold her home this spring, she decided to take a different approach: skipping the traditional Realtor to maximize her profit. For decades, US home sellers have paid real estate commissions, usually 5-6%, split between the seller’s and buyer’s agents. McMahan, a content creator in Louisville, Kentucky, was ahead of the curve in rethinking this model, opting out of the standard commission-sharing practice. Starting August 17, the National Association of Realtors (NAR) implemented new rules that could reshape how Realtors get paid. These changes may seem small, but experts believe they could lead to increased price competition, potentially saving Americans thousands of dollars in Realtor commissions in the future. McMahan shared her experience: “I hosted an open house myself, provided my own photography, and wrote my own listing description. By cutting out a full-service Realtor, I saved a significant amount of money.“ Rather than paying 2-3% of her home’s final sale pri