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Let's Ask Katie - June 2024

Let’s Ask Katie

Expert Advice for all your Real Estate questions from Katie Machoskie

Dear Katie,

I just heard that sellers don’t have to pay for Buyer Agent commissions anymore.  Is that true? Are buyer agent commissions going away?
 
Shelly A.,  Newport Coast

Hello Shelly,
 
In recent years, there has been much speculation about the future of buyer agent commissions in real estate transactions. Some have suggested that these commissions may disappear, leading to significant changes in the industry. However, it's important for real estate clients to understand that buyer agent commissions are not going away. Buyer agent commissions play a crucial role in the real estate market by incentivizing agents to work on behalf of buyers. In the past, these commissions have been typically paid by the seller and were an essential part of the traditional real estate transaction process. While there may be discussions and debates about potential changes to commission structures, it's essential for clients to recognize that buyer agent commissions continue to be a standard practice in the industry.  

Ultimately, the real estate market is dynamic, and changes may occur over time. However, for the foreseeable future, buyer agent commissions remain a fundamental aspect of real estate transactions.

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