Found 1 blog entry tagged as REALTOR Commission.

It’s Time to Raise The Bar

After ending 2023 with its first annual membership decline since 2012, the National Association of REALTORS® (NAR) anticipates ongoing challenges in retaining members due to reduced business opportunities and the changes from the NAR Settlement. Axios and The Washington Post believe many agents could leave the industry as the new commission rules may impact less experienced agents or those who struggle to justify their fee, leading to natural attrition of less effective agents.

A report by the Consumer Federation of America found,

  • 49% of agents reported 0 or only 1 sale a year

  • 70% of agents reported 5 or fewer sales a year

  • The median number of sales was barely 2 a year

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