Yesterday, it was announced that CoStar is buying Matterport. Excerpts: I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission," said Andy Florance, Founder and CEO of CoStar...
Are commissions negotiable? The common perception is Yes, because commission rates aren't determined by any regulatory body, and brokerages/agents are free to devise their own compensation plan. But the agents who have a meaningful skill set and a book of business...
The recent NAR settlement clearly states that the MLS is prohibited from publishing a buyer-agent commission paid by the seller. It means we might be hearing more commission talk, not less, as listing agents take responsibility for publishing the buyer-agent rate...
In January, 30% of the NSDCC sales offered less than a 2.5% commission to the buyer-agents, and in February it was 25%. Since the NAR settlement was announced on March 15th, 40% of the listings are offering less than a 2.5% commission to the buyer-agents. There isn't...
Most people think that the lawsuits are going to cause lower commissions, but if that happens, it will be in conjunction with the buyer-agents being eliminated. I'm calling it single agency for now. Here is this week's installment on the evidence supporting my theory....
The conspiring events - softer market, fewer and less-experienced agents, and lower commissions - are all leading us to the same place: The destruction of the traditional model of residential real estate sales will be triumphed by the unknowing, but it will be the...
Oh, you're going to get lower commissions alright - on the backs of the buyer-agents. The last time I checked a couple of months ago, there were 30% of the monthly closed sales that offered a buyer-agent commisssion under 2.5 percent. Of the 92 closings so far this...
Every realtor-related entity is scrambling right now to train agents how to get their buyers to agree to a contractual relationship where the buyer pays the buyer-agent commission. It would all be well and good - and be similar to the listing agreement we have with...
The reporting on the NAR settlement seems to be focused on creating hysteria, rather than finding the truth. Realtors commissions have always been a juicy topic, and the media is intent on using this opportunity to fabricate wild and salacious stories to attract the...
What a headline! Nowhere in this article does it say that NAR is slashing commissions or that any agents - the people who determine the commissions - have agreed to slash the commissions. The weak, spineless agents who have nothing else to offer will gladly agree to...
