BiggerPockets Daily Have Agent Commissions Changed? Here's What a New Analysis Says
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Feb 13, 2025 Real estate agent commissions are under scrutiny following recent changes from the NAR settlement. Surprisingly, buyer's agent commissions have remained stable, while luxury home commissions are decreasing. In contrast, more affordable homes are facing slight increases. The podcast dives into the factors driving these trends and highlights how negotiations between agents and sellers are evolving. It also raises questions about the future of real estate fees and the potential for cost savings.
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Commission Changes
- Buyer agent commissions haven't significantly dropped after the NAR settlement.
- Buyers still request sellers to pay their agent fees, maintaining the status quo.
Commission Trends by Price
- Luxury home sellers negotiate lower commissions, averaging 2.17% in Q4 2024.
- Commissions on lower-priced homes are increasing due to buyer negotiations.
Luxury Commissions
- Matt Muir targeted luxury listings in Asheville and Charlotte, where commissions are often lower (e.g., 4% total).
- Sellers question high commissions on expensive properties, sometimes preferring 2% splits.