Changes in home buying and selling practices are underway following a settlement by the National Association of Realtors regarding commissions. Starting August 17, open house visitors will be required to fill out a form indicating whether they have representation. Buyers must now negotiate their own contracts with agents, determining their commission, which they must sign before touring properties. Sellers can still offer to cover buyer's agent fees, but this cannot be included in official listings. Each real estate company will set its own policy regarding non-signers at open houses.
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