the rules are about to change when it comes to buying and selling a home this after a major settlement there between Realtors and home sellers The Specialist Daniel Woodruff breaks down what we can expect Steve Tuttle has lived in Highland eight years love it here it's just a wonderful place to live but he wants to downsize so he's selling his house and looking for another place even though the landscape as a buyer right now is a little uncertain potentially I might have to come out with up with more money to get into a home that's
because starting Saturday sellers will no longer be able to promise compensation for a buyer's real estate agent on the system where homes are listed for sale the National Association of Realtors is making the change after getting sued by sellers who accuse the group of keeping commissions artificially High a lot of sellers now are going to feel like they don't need to offer a buyer's commission realtor Britney Reid says buyers going forward have three options pay for a realtor themselves work with the sell agent directly or go unrepresented it definitely is putting some leverage back into
the sell's hands housing analyst Deon esic agrees it really for lack of a better word puts the buyer at a disadvantage because they might have to put up a little bit of a fee up front to go look at houses but as for the market overall I don't foresee it really impacting prices in in either Direction as a seller Steve says he is is offering to pay the buyer's agent commission but he's still a little worried I don't want to get burned on both sides like what if I pay for the buyers on my house
but then the house I buy they won't pay it and then I have to pay it again so it is a little uncertain right now one other change going into effect tomorrow is that now buyers must sign an agreement with their realtor but experts say that's already been happening here in Utah for a long time Daniel Woodruff KSL 5 News
