"While a few more sellers are a bit more inquisitive about how commissions are paid and a very select few decline to pay buyer agent commissions, in most cases sellers are still paying the buyer agents commission."
"The idea that shifting who pays commissions would meaningfully lower home prices was always more theory than reality."
"Decoupling does not create more housing. It does not reduce land costs, labor shortages or regulatory barriers. It does not make financing cheaper."
"What it does do is shift costs around in a way that may ultimately disadvantage buyers, particularly first-time and moderate-income households."
Consumer advocates claimed victory after the Sitzer-Burnett lawsuit and NAR settlement, but analysis shows that decoupling commissions has not reduced housing costs. Sellers still pay buyer agent commissions, and home prices remain unchanged. The anticipated savings for consumers have not materialized. The focus has shifted to blaming real estate agents for not negotiating effectively, ignoring the primary factor: the seller's price. The lawsuit and settlement do not address the fundamental issues in the housing market, merely altering fee structures without creating more housing or reducing costs.
Read at www.housingwire.com
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