Remove Buyers Remove Real Estate Remove Sellers
article thumbnail

Here’s what buyers and sellers want from their real estate agent

Housing Wire

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.

article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This paradigm shift significantly benefited all parties involved.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Real conducted its survey between Aug. More than half (55%) of agents surveyed reported that sellers who do offer buy-side compensation are offering 2.5% 30 and Sept.

Sellers 508
article thumbnail

Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional real estate agents are still the best option and 6% favor discount agents.

article thumbnail

GSEs will not count buyer agent commissions as IPCs

Housing Wire

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. ” The American Real Estate Association (AREA), a startup trade organization, also was pleased by Monday’s announcement.

Buyers 532
article thumbnail

Buyers & Sellers Respond to Recent NAR Reforms  

Appraisal Buzz

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement. I showed a $4.75

Sellers 397
article thumbnail

eXp Realty’s forms leave the choice to offer buyer broker compensation to sellers: Pareja

Housing Wire

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. However, the firm says this does not mean it is unwilling to work with buyer’s brokers. But it will be their sellers who make the decision on an offer of compensation to a buyer broker.

Sellers 436