realestate

Can Real Estate Agents Expect Commission Cuts?

Most haven't acted yet, opting instead to strengthen agent ties and rethink incentives.

M
ost homebuilders haven't reduced buyer agent compensation since the NAR settlement, with data showing little change at a national level. Instead, they're focusing on strengthening their relationships with real estate agents and rethinking incentives.

    Key takeaways from a recent NAHB webinar include:

    * Homebuilders should ask about buyer agreements upfront and be transparent about agent pay to maintain strong relationships.

    * Commission fees haven't significantly changed, but some builders may need to adapt to new rules and market conditions.

    * Builders can still offer VIP programs and incentives without violating post-settlement regulations by focusing on non-monetary rewards that build long-term trust and loyalty.

    By adopting these strategies, homebuilders can navigate the changing landscape of real estate industry policy changes while maintaining strong relationships with agents and buyers.

Real estate agents gathered at industry conference discussing potential commission rate cuts nationwide.