A"sale pending" sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, Calif. Realtors face lower commissions after a major settlement upended the way Americans buy and sell homes.
For years, sellers have effectively set the commission paid to buyers' agents as a condition of using the multiple listing service — a regional roundup of homes for sale. The combined commission — shared by buyers' and sellers' agents — is typically 5-6%, which is higher than in most other countries.
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