RISMedia Study Exposes Sneaky Tactics and Financial Fallout of MLS Commission Changes in Real Estate Industry
RISMedia's annual study uncovers the true impact of removing commission offers from the MLS, revealing underhanded methods and financial consequences for agents and brokers.
Real estate agents and brokers have been grappling with the fallout of commission offers being removed from the MLS last year, and RISMedia's annual study sheds light on the true impact of this controversial policy change. The study, set to be released on Monday, Sept. 29, reveals the sneaky tactics utilized by some in the industry to work around the new rules and the financial consequences for those involved.
The study, which has been conducted for years, has become even more crucial in the wake of the MLS commission changes. It provides valuable insights into the complex world of real estate commissions and compensation, highlighting the various ways in which agents and brokers have been affected.
According to RISMedia's study, agents and brokers have resorted to "workarounds" in order to maintain their commission earnings. These tactics include reducing services, charging additional fees, and even threatening to boycott listings that don't offer a certain commission rate. These underhanded methods have caused tension and backlash within the industry, with some calling for stricter enforcement of the new rules.
The study also reveals the financial consequences of the MLS commission changes. With commission offers no longer publicly displayed on the MLS, agents and brokers have had to rely on other means to negotiate