In a groundbreaking move, the US real estate industry has reached an agreement that could lead to a significant reduction in the cost of housing for buyers. The Association of Real Estate Agents has announced that they will be eliminating the standard 6% commission on the sale and purchase of houses.
This move is expected to have a huge impact on the housing market, making it more affordable for buyers across the country. By cutting out the traditional commission fees, buyers could potentially save thousands of dollars on their home purchases.
The decision has received widespread praise from industry experts and potential homebuyers alike. With housing prices continuing to rise, any measures to make purchasing a home more affordable are greatly welcomed.
This agreement is a positive step towards making the American dream of homeownership more attainable for all. Stay tuned for more updates as this new policy goes into effect.