|
RISMedia's 2024 Contract & Commission Study Reveals Critical Industry Shifts
Wednesday, November 6, 2024
New Study Offers Essential Insights for Brokers and Agents as Compensation Trends Evolve
NORWALK, Conn., Oct. 29, 2024 /PRNewswire/ -- In a pivotal moment for the real estate industry, RISMedia has unveiled its groundbreaking 2024 Contract & Commission Study, providing the first comprehensive analysis of how real estate commissions have changed in the wake of recent settlement decisions. As commission rates fall, this independent study offers critical insights for brokers, agents and industry stakeholders, highlighting key shifts and emerging trends.
For months, speculation swirled about the future of real estate compensation. Now, RISMedia can definitively confirm that commission percentages have declined. The study, which surveyed over 1,300 agents and brokers nationwide, explores the immediate impacts of these changes, addressing how agents' compensation is evolving post-settlement.
While some commentators have warned that shrinking commissions could spell disaster, the 2024 Contract & Commission Study reveals that innovative brokerage models, regional differences and adaptable agents are finding ways to navigate the new landscape. This study offers a roadmap for success, helping real estate professionals understand where and how compensation is changing--and how to remain competitive in this challenging environment.
Key insights from the study include:
-- The Fall of Commissions: What the data reveals about buyer agent and
listing agent compensation, and how each side is faring post-settlement.
-- Regional Trends: The regions seeing the biggest changes in commission
rates, especially those with mandatory buyer agreements before the
settlement.
-- Adapting to Change: How (or if) companies are shifting their commission
structures, fees and profit-sharing models in response to tightening
margins.
-- Splits and Margins: What's happening to commission splits as agents and
brokers adjust to these seismic shifts.
-- The Future Agent: How agents' priorities are changing, from referral
fees and compensation caps to in-office work and new innovations.
The study, which covers the last year of data--both before and after the settlement--delivers critical analysis for real estate professionals seeking to understand how policy changes are reshaping the industry.
READ REPORT
ABOUT RISMEDIA
Founded in 1980 by CEO and Publisher John E. Featherston, RISMedia has been the definitive source for news and information for the residential real estate industry's most profitable and productive professionals. With over 40 years of industry expertise, RISMedia continues to provide unparalleled insights, strategies, and trends, along with premier educational and networking events. For more information, please visit www.rismedia.com.
Media contact:
Jesse Williams
jwilliams@rismedia.com
View original content:https://www.prnewswire.com/news-releases/rismedias-2024-contract--commission-study-reveals-critical-industry-shifts-302290377.html
SOURCE RISMedia
|
|
|
|
|
|
 |
PayDo Launches Unified Payment Infrastructure Suite for Digital Businesses | Jan 22, 2026
|
|
The New Identity Theft Crisis: AI Scams, Child Victims, and Credit Damage Are All Spiking | Jan 22, 2026
|
|
AllSci Launches Hypothesis Publishing: A Seamless Way to Share, Connect, and Advance Scientific Ideas | Jan 22, 2026
|
|
Darwin CX Caps a Banner Year with AI Launch, Sold-Out Events, and Industry Book Launch | Jan 22, 2026
|
|
Canadian Fintech Tuhk Inc., Founded by Ethoca and NuData Security Veterans, Raises US$6 Million Seed Round Led by FINTOP, with Lloyds Banking Group and Capital One Ventures | Jan 22, 2026
|
|
Fintech Startup BON Credit Secures $3.5 Million In Funding | Jan 22, 2026
|
|
IoTeX Publishes MiCA-Compliant Whitepaper for IOTX, Enabling EU-Wide Alignment Under the New Regulatory Framework | Jan 22, 2026
|
|
Nudge Security Unveils Industry's Most Comprehensive AI Security Governance Platform | Jan 22, 2026
|
|
Gametime Launches "12 Days of Gametime" Holiday Giveaway in Partnership with Barstool Sports | Jan 22, 2026
|
|
TSX Venture Exchange Market Data Now Available Across Over 40 Blockchains via Chainlink | Jan 22, 2026
|
|
|
|
