Early Returns Show Commissions Are Falling
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.
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.