#commissions

#commissions

Real estate commission rates remain high and unchanged one year after a settlement aimed to disrupt traditional agent payment models.

Post-settlement, Boston condo broker commissions are largely stable and rebounding, contrary to initial fears of substantial declines.

Homeowner Mike Chambers opted to bypass real estate agents due to high commission rates, selling his house independently instead.

The home-selling commission structure is undergoing significant changes, akin to those in the stock market over 40 years ago.

The National Association of Realtors' settlement will change residential real estate by eliminating standard commission rates, allowing agents to negotiate their fees.

Changes to real estate agent commissions on August 17 could lower costs for consumers, but create uncertainty among agents, buyers, and sellers.