With the new NAR commission rules (see question above) buyers are required to pay real estate agent commission fees, not sellers.
So if you were to buy a home for $400k, you can expect to pay 3% to your buyer’s agent. This is an additional $12k just for out of pocket costs.
Most people don’t have an extra 12 grand, so coming up with this money would likely mean taking it away from their down-payment, which can put their loan, and therefore their ability to buy the home, at risk.
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