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.
The supposedly “earthshaking” legal settlement that was supposed to drive down real estate commissions wasn’t so tumultuous after all.
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.
The reporting on the recent $418 million settlement with the National Association of Realtors and several large national brokerage companies has been so atrocious that I must jump in.
A clear mandate has emerged from the commission lawsuit verdict: Change how commissions are structured. Many in our field, committed to best practices and integrity, are already adapting. Here’s how you can, too.