March 8, 2025 - 11:10
Since the implementation of new commission rules following a settlement in August, real estate agent commissions have shown little change, leaving many home buyers and sellers feeling the impact. The National Association of Realtors (NAR) settlement aimed to increase transparency and potentially lower costs associated with real estate transactions. However, data indicates that the anticipated reduction in commission fees has not materialized as expected.
Home buyers typically rely on agents to navigate the complex process of purchasing a home, while sellers depend on them to effectively market their properties. Despite the new regulations intended to promote competition and reduce costs, many agents continue to charge similar commission rates as before. This stagnation in commission pricing raises concerns among consumers who were hopeful that the changes would lead to more affordable real estate transactions.
As the market adapts to these new rules, it remains to be seen whether future adjustments will occur, or if consumers will continue to face the same commission structures that have long been a staple of the real estate industry.
June 15, 2025 - 17:04
Proposed Bill in Albany Raises Concerns Over Contract LawReal estate lawyers are expressing serious concerns regarding a bill currently progressing through the legislative process in Albany. They argue that the proposed legislation, intended to protect...
June 15, 2025 - 03:46
Free Real Estate Webinar Scheduled by Christi Reece GroupGrand Junction, CO – June 9, 2025 – The Christi Reece Group is excited to announce a complimentary Real Estate Webinar set to take place on Wednesday, June 18, from 5:30 to 6:30 PM. This...
June 14, 2025 - 22:43
Affordable New Homes Under $350K Attract Buyers in California's Central ValleyAffordability in California`s Central Valley region is a drawcard for buyers—especially those who want new homes that are move-in ready. Despite the state`s median home prices soaring to an...
June 14, 2025 - 05:17
Decline in Household Real Estate Value and Equity at Start of 2025At the start of 2025, recent Flow of Funds data from the Federal Reserve revealed a slight retreat in the total value of owner-occupied real estate, which stood at $47.9 trillion. This figure marks...