NEW RULES ARE SHAKING UP THE RESIDENTIAL REAL ESTATE MARKET.

New rules in the residential real estate market are allowing buyers and sellers to negotiate commissions, potentially leading to lower home prices. A $418 million settlement with the National Association of Realtors has resulted in new requirements for real estate transactions, aiming to save money for buyers and sellers. Under the new rules, listing agents are prohibited from offering commission splits to buyer's agents on Multiple Listing Services, and buyers who work with a buyer's agent will need to sign an agreement detailing how much they will pay for the agent's services. These changes could result in lower home prices in the long run. [Extracted from the article]