Only 1% of respondents say they are restructuring their compensation model. About 30% are shoring up agent training and consumer education, while another 25% are implementing buyer representation agreements and increased documentation.
We are doubling down that all fiduciary relationships with buyers and sellers be in writing and that sellers understand their rights regarding commissions, said a Keller Williams Real Estate leader in the Northeast. A Seattle-based broker-owner shared a similar sentiment, [We are] helping agents with their value proposition when it comes to representing a buyer, specifically when it comes to buyer agency agreements and how to negotiate their compensation.
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