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How real estate commission changes could impact the market
5m 39s
Buying and selling a home could get cheaper after the National Association of Realtors agreed to resolve a lawsuit and rewrite several rules that regulate how commissions are set, advertised and paid. Currently, a person selling their house pays a commission of 5 or 6 percent of the purchase price to agents. John Yang discussed more with New York Times real estate reporter Debra Kamin.