Unhappy Agents Voice Concerns
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.
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.
Too Many Agents Spoil the Pot
A new report suggests unskilled and incompetent real estate agents drain 25 percent to 30 percent of commission income away from the better agents in each housing market on top of the other headaches they cause.
Buyers: Know Your Share
Many of the nation’s largest real estate firms still do not publish the share of the commission paid to agents who work with homebuyers, leaving buyers to fend for themselves.
On Commissions, You’re Probably Your Own Worst Enemy
Only a small percentage of agents understand how to effectively persuade sellers to list at a full commission. Instead, agents are often so desperate to get the listing that they cave in the moment the seller asks them to reduce their fee. It’s time to stop and here’s how to do it.
Class Action Suit Could Change Real Estate Commissions
In what could be the most far-reaching antitrust lawsuit for the real estate market in decades, the National Association of Realtors and four of the largest realty companies have been accused of a conspiracy to systematically overcharge home sellers.
When It Comes to Commissions, If You’re Sears, You’re Sunk
The market is rapidly dividing itself into two separate buckets — do it yourself, low (or no) commission models versus concierge style service coupled with a unique value proposition. There’s a third bucket, however, where most agents fit.
