In a recent statement, President Biden has called on realtors to lower their commissions in order to protect homebuyers. This has sparked a debate within the industry, with the National Association of Realtors (NAR) pushing back against Biden’s claims.

Key points from the text include:
– President Biden urging realtors to reduce commissions to benefit homebuyers
– NAR responding to Biden’s statement and defending the role of realtors in the housing market
– The ongoing debate between the government and industry professionals over the impact of realtor commissions on home prices.

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