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.
Three Months in, NAR Settlement’s Opportunities Come into Focus
After the commission settlements landed, some thought the buyer’s agent was an endangered species. But while they must change, experts say, it’s not the whole story.
Boston Buyer’s Agent Commissions Trending Downwards
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.
I Have to Sign a Buyer Representation Agreement to See a Property? No Way!
The proposed settlement in the National Association of Realtors’ commission lawsuits has created problems for seller’s agents as well as the more obvious questions buyer’s agents face.
How Buyer’s Agents Can Cut Through the Confusion on Commission Rules
Are you struggling with exactly how to answer your homebuyer clients’ commission questions? The trick is: Keep it simple and explain your value.
Douglas Elliman Settles Commission Lawsuits
Luxury brokerage Douglas Elliman has become the latest brokerage to join in the National Association of Realtors’ commission lawsuit settlement.
Report: HomeServices to Settle Commission Lawsuits
The last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.
NAR Settlement Gets Preliminary OK
The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
Worried About Your Commission? Learn to Show Your Value
Buyer’s agent compensation offers seem set to disappear from your local multiple listings service by this summer. And the effects will be wide-ranging.
NAR Settles Commission Lawsuits
The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.
DOJ Seeks to Block Settlement in MLS PIN Commission Case
Federal antitrust prosecutors have asked the judge overseeing a lawsuit against Massachusetts’ main multiple-listings service to reject a proposed settlement in the case, arguing instead that buyers should be the only ones to pay their agents’ commissions.
NAR Prez in Boston: Agents Must ‘Adapt’ on Commissions
Speaking at a Lamacchia Realty conference in Boston Feb. 1, the new president of the National Association of Realtors declared that the traditional rules of agent commissions are “going to change” in the wake of a $1.78 billion lawsuit.
The $1.78B Wake-Up Call and the Path Forward
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.
Keller Williams Settles Commission Lawsuits for $70M
The deal in the two lawsuits, known as “Sitzer/Burnett” and “Batton 2” after their plaintiffs, also calls on Keller Williams to take several steps aimed at providing homebuyers and sellers with more transparency over the commissions paid to real estate agents.
Realtors Say They’ll Stick With NAR Despite Storms
Massachusetts real estate leaders are standing by the beleaguered National Association of Realtors, saying its long-term benefits far outweigh the short-term turmoil now engulfing the 1.5 million-member organization.
A New Leader at a Pivotal Time
The 2008 global financial crisis might not have been a popular time to launch a real estate career, but the new Massachusetts Association of Realtors President Wallick turned it into a springboard for 15 years of success.
Ditch the Doom and Gloom About Real Estate Commissions
Associations, brokers, agents and MLS leaders shouldn’t assume that defendants in the commission lawsuits can win on appeal – and that agent commissions will go down in the lawsuits’ wake.
Are Buyers Agents an Endangered Real Estate Species?
A recent court ruling on real estate agent commissions has some industry experts wondering whether the current compensation system can survive much longer in Massachusetts and across the nation.
Brokerages, Agents Face Own ‘Bombshell’ Decisions in Lawsuit’s Wake
What can agents and brokerages who are worried about pay cuts, job loss or running up against the law do to protect themselves?
Commission Lawsuit Raises Stakes for Brokerage Leaders
Regardless of how the judge rules following last week’s verdict in the “bombshell” commission lawsuits, it’s clear that brokers and agents who are already moving to adapt will likely be the winners.
