Do I still have to pay 6% commission if I am selling my house?

"Historically, nearly 90% of homebuyers have opted to work with a real estate agent or broker. That figure is unlikely to change." ~ Fortune Magazine

Pertinent facts we know:
• Buyer Agency Agreement will become standard, which they have been for quite some time. This is nothing new to us.
• Buyer Agent commission can no longer be advertised on the MLS. This is the only new change for us and can be good, depending on how you view it.
• With the settlement, most of the industry can return to work while a few larger brokerages still need to settle.

Misinformation and uncertain speculation:
1. Buyer's Agents are out of a job. Buyer's Agents are going nowhere. They have proven themselves too valuable for decades, and most consumers strongly prefer working with a Buyer's Agent.
2. Buyers will have to pay their Agents out of pocket. If a seller is unwilling to cover a Buyer's Agent commission, it will likely be wrapped into the loan. For those paying cash, they may have to cover it. The goal of government-backed lending agencies is home affordability. They will do everything possible to assist the buyers, including allowing commission to be wrapped into the loan.

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