March 29, 2025 - 20:31
One year after a significant settlement aimed at reforming real estate broker commissions, both sellers and buyers are expressing frustration. Many individuals involved in real estate transactions claim that some agents are exploiting loopholes to avoid making meaningful changes to their commission structures.
Despite the intentions of the settlement to create a more transparent and equitable system, numerous parties report that they continue to face high commission rates that seem resistant to reform. Sellers are particularly vocal about the burden of paying hefty commissions, which they argue cuts into their profits from home sales. Buyers, on the other hand, worry that inflated commissions ultimately lead to increased home prices, making it harder for them to enter the market.
As discussions around broker commissions continue, many are calling for further action to ensure that the intended benefits of the settlement are fully realized. The ongoing dialogue highlights the need for a more balanced approach that serves the interests of all stakeholders in the real estate market.
