Report reveals most buyer agents still charge commission based on home sale percentage, not fixed amounts. Customer agreement adoption varies. Post-NAR settlement, little change in commission rates.
MLS PIN secures final approval for Nosalek settlement, resolving commission claims after 5 years. The case, alongside Sitzer/Burnett & Moehrl, prompts policy changes & DOJ scrutiny. Settlement: $3.95M.
Following the August rule changes, commissions for both buyer and seller agents fell, but they have since rebounded, according to an AccountTECH study that analyzed more than 224,000 transactions from 1,290 real estate offices.
Revenue for international transactions has increased by 63% over the last 12 months, and the company plans to open locations in Türkiye, Peru and Egypt in early 2025, Sanford said.
