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...
Everyone seems to have a take on the commission lawsuits. This is one of the best: A way to implement an instant solution within the existing framework is to require that realtors possess a broker's license, which takes a minimum of two years experience (or a...
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...
It's been obvious that the entire real-estate-selling business has been deteriorating towards single agency. I see it every day on the street, and I've posted evidence of the shift regularly. The trend is moving quickly now on multiple fronts. The DOJ is going to...
The gradual phasing out of buyer-agents is underway, and it shouldn't be long now. Zillow's new format features the listing agent's phone number under the main photo! The three-headed agent display was removed and now when a reader clicks on the right side for Request...
Won't somebody just produce an all-encompassing (pardon the pun) website to facilitate homes sales? There is a new disruptor every month with their unique solution, and it's ALWAYS born out of their frustration with buying a home recently so they are happy to bash...
I spoke to a few agents on the broker preview yesterday about business this year, and the common theme was that agents are have big trouble finding people who want to sell their home. It suggests that the inventory of quality homes will be extremely low this year....
