August 29, 2025 - 18:16
Recent nationwide research has unveiled significant findings regarding the sale of homes with reduced buyer-agent commissions. The study indicates that properties offering lower commissions tend to experience slower sales or may not sell at all. Specifically, homes with commissions that were cut were found to be 51% less likely to attract buyers compared to those with standard commission rates.
This trend suggests that real estate agents may be steering potential buyers away from low-commission listings, potentially due to financial incentives tied to higher commissions. As a result, sellers who opt for lower commissions might find themselves at a disadvantage in a competitive market.
The implications of these findings could lead to a reevaluation of commission structures within the real estate industry. Sellers are encouraged to consider the potential impact of commission rates on their home’s marketability, as this research highlights the critical role that commission incentives play in the buying process.
October 8, 2025 - 20:29
Jamaica Rezoning: A Boon for Developers, Not ResidentsDespite community pleas for affordable homeownership opportunities, recent rezoning proposals in Jamaica have raised concerns among residents. The plans, which are touted as a means to revitalize...
October 8, 2025 - 01:23
Chicago Real Estate Photographers Grounded by FAA Drone BanReal estate photographers across Chicago are facing significant disruptions following a temporary flight restriction imposed by the FAA, which is set to last until October 12. This ban has left...
October 7, 2025 - 02:35
Man Arrested Following Police Chase After Alleged Attack on Real Estate AgentA 32-year-old man is in custody after being accused of assaulting a real estate agent and subsequently engaging law enforcement in a high-speed chase. The incident unfolded when the suspect...
October 6, 2025 - 06:03
Celebrating Marcia Harlow's 47-Year Journey in Real EstatePerkins Realty hosted a heartfelt retirement celebration for Marcia Harlow on September 25, marking the end of an impressive 47-year career in real estate. Friends, colleagues, and clients gathered...