Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
If you’ve ever applied for a mortgage, you may have been bombarded by calls, texts and emails from competing lenders and brokers after applying. At best, these messages are a nuisance; at worst, they’re nearly enough reason to change your phone number entirely. However, National Association of Realtors® (NAR)-supported legislation will put an end to…
Above, Nykia Wright Reaffirming a commitment to “transparency, accountability, discipline and focus,” National Association of Realtors® (NAR) CEO Nykia Wright recently published a letter to membership that introduced the organization’s value proposition for 2026 – 2028 and the development of its 2026 – 2028 Strategic Plan. Wright also announced that NAR will be publishing its…
Above: Rick Haase and Marco Fregenal Despite legal changes that came about due to the Burnett v. National Association of Realtors® et al. lawsuit settlement, commissions remain central to the real estate industry, driving $1.5 trillion in annual transactions and shaping how professionals earn and brokerages attract highly productive agents, brokerages and teams. With increased…
| Newer Posts |