Tag Archives: real estate commissions

‘Double-dipping agents’ overcharge consumers billions in commissions

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Consumer watchdog says dual agency should be banned, but double-ending should not be so long as agents discount their commission and act as facilitators. Continue reading →

NAR-DOJ rule changes won’t come for months

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Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading →

Compass, Sotheby’s roped into latest suit alleging ‘inflated’ commissions

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The new antitrust lawsuit, filed Friday in California, also names the National Association of Realtors, Realogy, Keller Williams, RE/MAX and several other companies as defendants. Continue reading →

Consumer groups support REX suit against anti-rebate law

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The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading →

Study commissioned by REX claims commissions are deeply inflated

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Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading →

Redfin to show all buyer’s broker commission offers in Seattle

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In a radical move, the high-tech brokerage plans to begin publicly displaying data for all Seattle listings in early October. Continue reading →

NAR will have to fight commission battles on two fronts

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The National Association of Realtors’ bid to transfer the smaller of two bombshell commission lawsuits in order to consolidated them has failed, likely making the 1.3 million-member trade group’s legal fight costlier. Continue reading →

NAR: Commission lawsuits could be ‘disastrous’ for both buyers and sellers

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How should the industry make agent commission structures more transparent before angry consumers and the Justice Department forces it to do so in ways that might be harmful? Continue reading →

Northwest MLS breaks the mold to allow public display of agent commissions

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The move represents a sharp break from 600 or so other MLSs nationwide, some of whom have threatened to cut off brokerages who have tried to publicly display commissions. Continue reading →

Investors sue Realogy, allege fraud over agent commissions

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The Rosen Law Firm, which a month ago threatened a class action lawsuit, pulled the trigger Thursday, filing a federal suit in the US District Court of New Jersey. Continue reading →