Linda O'Koniewski highlights that weaker agents are offering lower fees to attract buyers, indicating a shift in the competitive real estate landscape.
Brian Huskey notes a noticeable trend of commission compression in real estate, dropping from a traditional 5-6% range to approximately 4.5-5.5%, highlighting changing market dynamics.
Recent data indicates a decline in standard buyer agent commissions, with a significant portion of agents expecting earnings between 2.6% and 3%, down from 57% prior to August.
Survey results reveal listing agents' expectations of buyer's agent compensation have shifted, with a new average of 2.6%, showing a downward trend in commission rates.
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