Redfin: Real estate commissions will drop due to iBuyers, public display
Inman Connect The commissions homesellers offer buyer’s agents are poised to drop due to the upcoming widespread public display of commissions and steady erosion from real estate companies that buy homes directly from private sellers online and then re-sell them, known as iBuyers, according to a new report from tech-focused real estate brokerage and iBuyer Redfin. Earlier this month, Redfin began displaying buyer’s agent commissions for more than 700,000 real estate listings in the 65 markets where MLSs have allowed the data to be displayed. The brokerage began displaying those commission...
Source: inman.com