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A new study has found that requiring prospective homebuyers to pay real estate agents directly out of pocket would significantly suppress home buying opportunities for large segments of the population. “Be Careful What You Ask For: The Economic Impact of Changing the Structure of Real Estate Agent Fees,” illustrates how the changes would most significantly affect Black, Hispanic/Latino, first-time, and low- and middle-income buyers. The independent study was requisitioned by HomeServices of America as part of the company’s ongoing efforts to support equity in home buying.
FULL TEXT: Study: Proposed Change to Commission Structure Threatens Equitable Access to Housing