Maybe high realtor commissions will come down now. Would you really care if your U.S. realtor shows up in a Civic instead of a Cadillac?
Maybe high realtor commissions will come down now. Would you really care if your U.S. realtor shows up in a Civic instead of a Cadillac?
The article is about an org that controls the industry standard house listing service, that will not list your house if you dont agree to the commission structure,whixh excludes the vast majority of buyers.
The jury found that they were applying monopolistic power. Its not literally required, but it’s actually required.
The thing is, whether or not an agent is a member of NAR, commissions have always been negotiable (maybe the real problem is that sellers don’t know this and don’t try to haggle). Agents could always choose to take less commission if they wanted to. But would you voluntarily take lower pay for no particular reason?
This “agents can now charge less in commissions” is BS because they always could. It changes nothing.