New Real Estate Broker Regulations to Change Homebuying, Selling Process

Under a settlement, a realtors association agreed to require buyers to sign off on commissions. Currently, only sellers sign.

A sign is posted in front of a home for sale in San Francisco on May 11, 2023. Justin Sullivan/Getty Images

New regulations for real estate commissions are set to take effect Aug. 17, based on a settlement reached earlier this year, which ended a lawsuit filed by home sellers against the National Association of Realtors.

There are still a lot of unknowns about how the new rules will play out, but the change could significantly impact the market, say experts.