Lawsuit Claims “Conspiracy” Keeps Commissions Artificially High

July 25, 2019
A Minnesota company has filed two lawsuits accusing the real estate industry’s biggest players of illegally conspiring to maintain high fees for buyers’ agents. The suits, filed in federal court in Chicago, name as defendants the National Association of Realtors, Realogy, HomeServices of America, RE/MAX, and Keller Williams. In recent years, much of the competition…To read more — login/sign up

 

Amid Pressure on Commissions, Here’s How to Defend Yours

February 21, 2019
When Michael Lee started selling real estate in 1977, Realtors insisted on — and got — commissions of 6 percent or 7 percent. Four decades later, the real estate industry has changed. "Trust me — this is not going away," says Lee, author and training manager at Realty ONE Group BMC Associates. That doesn’t mean…To read more — login/sign up

 

Commissions Will Remain Under Intense Pressure, Industry Disruptors Say

August 10, 2017
Real estate commissions mostly have defied the predictions of the doomsayers who anticipate brokerage fees will plummet. But the onslaught continues, as another wave of disruptive brokers takes aim at traditional commissions. Exhibit A: British discounter Purplebricks, which plans an ambitious expansion into the U.S. real estate market. While Purplebricks hasn’t disclosed how much it…To read more — login/sign up

 

Listing Discounts Come Roaring Back

July 27, 2017
With the housing market hot again, discount brokers are once more setting their sights on what they consider the hefty commissions charged by traditional brokers. Seattle-based brokerage Redfin has expanded an offering that charges sellers a commission of just 1 percent. And in Philadelphia, startup brokerage Houwzer promises to sell a house for a flat…To read more — login/sign up

 

Big Brokers Report Rising Revenues, Fatter Profits, Some Challenges Remain

April 20, 2017
It’s nothing like the housing boom of 12 years ago, but today’s real estate market is on a decided upswing, one that has rewarded the nation’s largest brokers with higher revenue and profits. But, as Realogy Chief Executive Richard Smith indicates, this boom faces a number of headwinds, reflecting the muted nature of this housing…To read more — login/sign up

 

With Commission Rates Still at Record Lows, Brokers Shift Focus

April 6, 2017
Commission rates remained at or near the lowest levels on record in 2016, according to Real Estate Broker’s Insider’s analysis of regulatory filings by Realogy Corp., the nation’s largest broker. At Realogy’s company-owned operations the average commission rate remained at 2.46 percent in 2016. That matched the record low in 2015. For Realogy franchises, the average…To read more — login/sign up