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[quote=Anonymous][quote=Anonymous][quote=Anonymous]link? clown[/quote]

https://www.bloomberg.com/news/articles/2023-10-16/us-realtors-lucrative-fee-system-faces-mounting-antitrust-risk?embedded-checkout=true

I assume this is what OP is referring to. [/quote]

Here are some excerpts from the bloomberg article :

[quote]"Commission rates, which often get baked into a home’s listing price, are an attractive target for the Biden administration as low housing supply and spiraling mortgage costs combine to create the least affordable housing market in four decades. On a $407,100 house — the median existing-home sales price — a 5.5% commission comes to about $22,390.
...
[b]In some parts of the world, total commissions for each sale are significantly lower – around [u]2%[/u] in countries like Australia and the UK.[/b]
…
Completely untying buyer and seller agent fees could eventually lower commissions by as much as $30 billion annually, according to a study by the Consumer Federation of America, a watchdog group. If aspiring homeowners had to pay agents directly, they would likely shop around before hiring one — increasing competition — or pay an hourly or flat-fee service to handle paperwork at closing.
…
NAR has said the buyer commission offer doesn’t have to be the traditional 2.5% – the group recently said it could even be $0. But that higher rate persists in most transactions as sellers fear that listing with lower payouts for buyers’ agents would cause them to steer clients away — a concern borne out by recent research.
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These changes could also put the future of the National Association of Realtors in doubt. [b]The group [NAR] collects $150 in annual dues from more than 1.5 million agents. It’s a moment of reckoning for the group that last year surpassed the US Chamber of Congress to be the biggest spender on lobbying in the US, laying out more than $80 million in 2022[/b]."[/quote][/quote]

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