I'm a New York real-estate agent who's not worried about losing guaranteed commission. Here's what I'm doing to replace those funds.

Courtesy of Mukul Lalchandani

• Mukul Lalchandani, a real estate agent, discusses the impact of new commission rules.
• The new rules mean that sellers no longer have to pay the buyer's agent commission.
• These changes may most affect low-income buyers, but Lalchandani says his clients won't be affected.

This as-told-to essay is based on a conversation with Mukul Lalchandani, a 44-year-old real-estate agent from New York. It's been edited for length and clarity.