Contrary to alarming predictions about the impact of changes to buyer agent agreements on commissions, the Boston real estate market has not experienced substantial upheaval. Prior to the implementation date of Aug. 17, 2024, many feared drastic reductions in commissions and a potential crisis in the industry. However, results from various studies indicate that while there was a slight 2% reduction in commissions noted, the overall trend suggests stability with no significant changes following the rule's implementation, contradicting the earlier expectations of a dramatic shift.
Before Aug. 17, 2024, doomsday predictions gripped the real estate industry about buyer agent commissions. However, the reality reveals minimal changes post-implementation.
Studies indicated significant drops in buyer agent commissions, yet after changes were made, evidence pointed to stability rather than a crisis.
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