Holden Lewis, a home and mortgage expert at NerdWallet, discusses recent changes in real estate commission rules following a settlement against the National Association of Realtors. He explains how these new regulations will impact home buyers and sellers, focusing on decreased commission rates and shifting negotiation dynamics. The conversation highlights the importance of understanding agent compensation and empowers sellers and buyers to make informed decisions in their transactions. Learn how to navigate this evolving landscape and what it means for your next real estate deal.

Holden Lewis, NerdWallet home expert, discusses the challenges in the current housing market including high mortgage rates, slow sales, and high prices. They provide tips for homebuyers and tackle headlines on student loan forgiveness, IRS customer service issues, and financial literacy in high schools.

Explore the impact of a historic legal settlement on real estate commissions and home prices. Understand the changes in agent payment structures and negotiation dynamics. Learn how the settlement could affect buyer-seller interactions and market competitiveness.