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Real estate commissions likely to change forever

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  • Endo77
    • Oct 2022
    • 41

    Real estate commissions likely to change forever

    Due to litigation, there is a settlement that could do away with the current 6% total commission for the buyer and seller's agents in a real estate sale and replace it with some other process of compensation.

    Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions - WTO

  • WadeMills
    • Jun 2023
    • 37

    I believe the real estate industry is in a constant state of flux, and it's not surprising that commissions could undergo significant changes. cash house buyers could potentially be a game-changer in this regard. Their ability to provide sellers with quick and hassle-free transactions might lead to a reevaluation of traditional commission structures.
    In today's fast-paced world, convenience and efficiency are highly valued, and cash buyers seem to align well with these priorities. As their presence grows, it's conceivable that they could influence how commissions are negotiated and structured. This shift could be particularly impactful for sellers looking for a swift and uncomplicated sale.