Real Estate Commissions in Danger of Decreasing

Ever since the federal government shined a light on the real estate industry with a lawsuit against the National Association of Realtors and vigorously opposing Realtor supported state bills attempting to ban discount service models the real estate commission structure remains not only a topic of debate, but a hot button issue generating media publicity on nearly a daily basis. The internet has caused people to think, and rethink, the vale they’re receiving from their traditional agent. With homebuyers doing a majority of the work on their own and home sellers taking advantage of flat fee MLS alternatives, where does that leave the commission structure? Sellers are receiving similar public exposure regardless of whether they list for 6% or list for a low fee with a flat fee MLS broker. With the market cooling some industry members see the low or no commission models gaining market share. Other industry veterans plan to "blow up the issue of Realtor commissions". With the media whirlwind surrounding the issue it’s hard to think there will ever be another day where real estate commissions will climb.

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