Buying, selling a home gets quite different from tomorrow morning.

I'm David Rancaccio.

Some big changes to the real estate market are on the way starting this weekend.

Under terms of a settlement settlement the National Association of

realtors is changing how real estate agents make their money buyers and

sellers this matters to you here's marketplaces Henry Epp in, homebuyers haven't had to sign an agreement with their realtor

before they go shopping for a home.

The commission their agent eventually receives is typically paid by the home seller.

It's usually about 5 to 6% of the

home's cost, which the buyer's agent splits with the seller's agent. But now

home buyers will need to negotiate agreements with their agents up front.

Ryan Thomasello at the investment firm KBW says that could lead buyers to shop around

more for a good agent.

We think that buyer agents will also find that they need to compete more heavily on the quality of their services and the price of their services which has not historically been the case.

In theory, that could drive down commission costs,

and it could have an effect on housing prices,

because home sellers will no longer have to cover

that five to six percent commission for both the buyer and sellers agents.

Some consider it a baked-in part of a home's cost.

But now it could become just another part of the negotiation process Thomas Ello says.

No different than, I don't know, say a home seller offering a concession to cover certain

repairs or other closing costs.

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