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ew rules governing real estate transactions in the Baton Rouge area are having an impact on the local market following a $418 million court settlement with the National Association of Realtors.

    The changes, which began affecting deals after the settlement was announced, have led to a decrease in average commission per agent from 2.62% in January to 2.55% in July, according to a Redfin report.

    Under the new rules, sellers are no longer required to pay commissions for both sides of a transaction. Instead, they must decide whether to offer compensation to buyer agents in addition to their own. Buyers also have more control over how much they pay their agent and what services they receive.

    Local Realtors initially believed the changes would bring transparency to the process. However, one agent notes that it has been an adjustment for everyone, particularly at first. "We had to go back to each of our clients and give them options on handling commissions," says Quita Cutrer with Burns & Co. "It's been a bit cumbersome explaining new procedures to long-time clients."

    Others agree that the changes have created more work for agents. Jerry Del Rio notes, "Now we're all just calling to ask if sellers will pay buyer agents. If they don't, I'm not taking the listing." Despite the challenges, some see a silver lining: increased awareness of the value Realtors bring to transactions.