ICYMI: Are Broker Commissions Too High?

The New York Times investigates the realty cartel's decades-old practice of fleecing the American consumer now that technology has rendered traditional brokers obsolete

Forty-four percent of new home buyers now begin their home search online as opposed to through referrals, according to the National Association of Realtors. The same organization found that 35 percent of brokers say they are relying on virtual tours to sell homes.

And yet, despite technology shifting the power dynamic from brokers to buyers in the real estate industry, real estate commissions — notoriously higher in the United States than in other developed countries — haven’t budged.

Read the entire New York Times article


Check out REX’s newsroom for the latest press releases, podcasts, market analysis, digital real estate data, and information about the company and leadership team.

Get The Latest News

REX uses Substack to regularly post company news, thought leadership, data analysis, and podcast episodes. Share your email address to receive the latest news directly in your email inbox.