The Federal Reserve analysis found that rising home prices are likely why commission rates fell in the past two decades, but found no impact on rates after buyer contracts were required in 15 states.
Source: Inman News
Fed: Requiring buyer agreements has no effect on commissions
Published in Agent, andrea v. brambila, Andrew Paciorek, buyer agreements, buyer rebate bans, buyer rep agreeements, buyer representation agreements, ccp, Clear Cooperation Policy, commission rates, commissions, corelogic, fed, home prices, house prices, inman, NAR, NAR settlement, national association of realtors, Rupkatha Banerjee, san diego and Select
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