"The cost of buying and selling a home will go down": consumer advocates and some agents celebrate a real estate agreement. "Price transparency is a positive, as is increased competition, and this will increase both," says Mariya Letdin, associate professor at Florida State University's College of Business.
Greater competition for homebuyers will likely translate into overall lower costs, experts say. The Association of Realtors will eliminate the 6% commission on the sale of houses, which can reduce the price of housing.