The Evolution of Real Estate Commissions: Exploring the Shift from 6%

The standard 6% commission for real estate agents may be changing as a result of a recent antitrust court case and similar lawsuits. This could allow for negotiation of commission rates and who pays them. The internet has not significantly impacted the 6% commission, which is double the percentage paid in other countries. The National Association of Realtors (NAR) has played a significant role in maintaining the current commission structure. However, there are emerging cracks in the system, and changes are already happening in New York City. The current structure places the burden of commission payment on home sellers, but potential changes could shift this responsibility to buyers or allow for negotiation.