Real Estate Commission Shake-up is alarming some Buyers that can't afford to pay a Buyer Broker Commission

 We won't know until maybe July how this shakes out with a new settlement (that is subject to court approval) .... bottom line:  there's never been a fixed commission rate and many of us have offered discount commissions for years.

This is in regard to:

National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers

 NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS. This would mean that offers of broker compensation could not be communicated via the MLS, but they could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals.

Further, NAR has agreed to enact a new rule that would require MLS participants working with buyers to enter into written agreements with their buyers. NAR continues, as it has done for years, to encourage its members to use buyer brokerage agreements that help consumers understand exactly what services and value will be provided, and for how much. These changes will go into effect in mid-July 2024.