Good real estate agents go to great lengths to bring a deal to fruition. And much of what they do is behind the scenes, so you’ll never see it. And you think they don’t earn their commissions?
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.
What can agents and brokerages who are worried about pay cuts, job loss or running up against the law do to protect themselves?
A federal judge has given her preliminary approval to a deal that would settle a lawsuit between three local home sellers and the state’s largest multiple listings service, MLS PIN.
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.
A major national real estate consultancy is urging brokers and listing agents to act quickly to update their policies and marketing materials following a settlement between a trio of Massachusetts home-sellers and MLS PIN in a class-action lawsuit over buyer-agent commissions.
Massachusetts’ buy-side real estate agents are pocketing a smaller and smaller share of the state’s larger and larger home sale prices, a new study says.
Real estate commission rates are just one step below fixed, according to a new report from the Consumer Federation of America. And rising home prices are handing ammunition to those who say that has to change.
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.
Federal antitrust investigators say they’re abandoning a proposed settlement and the associated civil complaint against the National Association of Realtors. But it’s not letting the group off the hook.
In a move it’s billing as a boon to consumers, Redfin announced Monday that it’s publishing buyer’s agent commissions on over 700,000 home listings across the country, including in Massachusetts.
One of the costliest strategies during a negotiation is what is known as the “nibble.” Everyone knows that “nibbling” on a regular basis can result in a significant weight gain. Many buyers and sellers engage in the “nibble” as a negotiation strategy that can be extremely costly to the other party’s bottom line.
The average commission rate paid on American home sale transactions continues to decline and could dip below 5 percent within the next few years.