Agent “glut” means part-timers are now the majority, leading to “widespread incompetence and pressure to maintain high commission rates,” according to the Consumer Federation of America. Continue reading
Agents with five or fewer sales a year took in an estimated 25-30 percent of all commission income in three disparate markets, according to an analysis of MLS data by the Consumer Federation of America. Continue reading
Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading
Agents and brokers who spoke to Inman following the ruling in favor of NAR disagreed on who is “overreaching” in the case and on whether changes to the controversial rules are necessary. Continue reading
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1 percent in parts of Brooklyn to 3 percent in Manhattan. Continue reading
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading
The Consumer Federation of America says lack of discounts for more expensive homes shows “the structure of agent compensation is both inequitable and inefficient.” Continue reading
In a new report alleging the majority of commissions are nearly identical in 35 U.S. cities, the Consumer Federation of America said offers to buyer agents should be legally prohibited. Continue reading
The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading
A report from the Consumer Federation of America found that the vast majority of seats on state real estate commissions are held by industry members, and not one is held by a consumer or housing advocate. Continue reading