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Commissions have never been negotiable; thus the lawsuit.

For all the realtors saying commissions have always been negotiable, you’re lying again.

If the seller of the home decided not to offer commission to the buyer or offer lower than 3%, realtors would steer their clients away from the home. This was one of the reasons for the lawsuit. This was proven in the court of law.

We will slowly see commissions coming down and the real estate industry slowly being replaced by flat rate fees and hrly rates. Faketors, I mean realtors are going the way of travel agents.

submitted by /u/Beneficial-Royal6751
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1edbggz/commissions_have_never_been_negotiable_thus_the/
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