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...
While the benefits of buyer-agents may be obvious, will anyone stop their demise? Probably not. Will it become easier or harder to buy a home? The answer is unclear amid widespread confusion over what’s happening to real-estate agent commissions. On April 5, a federal...
For the newer readers, Donna and I have two daughters. After Kayla graduated from the University of Oregon, she worked with us for five years and then moved to Manhattan where she's been a realtor there for the last six years. Natalie has always been a dancer, and she...
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....
In this new listing, Berkshire Hathaway agents are boldly offering no commission at all to the buyer-agents, and instead suggest that we take it up later - which leaves the amount uncertain, at least for now. It has the potential to be anything from 3% to zero. Will...
From the CEO of a large Sotheby's brokerage based in Florida: Last week the National Association of Realtors announced a settlement agreement in the Sitzer Burnett case that would take effect in July. For those who missed the declarations in the media that this...
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...
