MAR Membership Drops After Commission Settlement
The Massachusetts Association of Realtors saw a modest decline in membership this year. But is it the commission lawsuits, or something else?
The Massachusetts Association of Realtors saw a modest decline in membership this year. But is it the commission lawsuits, or something else?
Nearly a year after the biggest national commission settlement was approved, buyer agent commissions haven’t budged much. For real estate leaders in Massachusetts, that’s just fine.
Homebuyers looking to pay their agents directly have found little success, according to a new consumer group study. That’s not what was supposed to happen.
The supposedly “earthshaking” legal settlement that was supposed to drive down real estate commissions wasn’t so tumultuous after all.
Over the last 18 months, the rules of residential real estate have changed dramatically for Massachusetts agents. Brokerages and agents must invest in training – now.
The settlement in an antitrust suit against the National Association of Realtors seems to be having only small effects on buyer agent commissions.
According to the surprisingly candid results of a survey delving into agents’ psyche by the Redfin brokerage firm, half expect their fees to fall in the coming months.
A survey of some 1,300 agents and brokers suggests that the class-action settlement that rocked the real estate world is pushing real estate agent commissions down.
Industry leaders are hoping for the best but bracing for the worst, and say it could take years to sort out real estate agent compensation issues as new rules take effect this week.
Boston-area real estate agents have one of the lowest average commission shares among the country’s major housing markets, a figure that’s also falling more slowly than in most of America.