212: The Death of the 6% Real Estate Commission???

Selling Greenville

On March 15 the National Association of REALTORS® announced a proposed realtor compensation settlement for the Sitzer/Burnett case, and the national media immediately put out a ton of clickbait headlines about the sudden "end of the 6% commission." As with most things, the media got this one wrong, but there is MUCH to talk about with regard to this settlement. Buyer agents are going to have to work with their clients in very different ways moving forward, and we may be entering into a completely new world of real estate with multiple tiers of realtors. And sellers, while they may have more negotiating power in the wake of this settlement, may need to think twice before taking a scarcity mindset towards buyer agents. There is a whole lot more to discuss here, so let's dig into the details of this settlement and what it might mean for the future of real estate!
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at [phone] or by email at [e-mail].