Real estate agents must adjust as the traditional 6% fee is eliminated. Expect tougher competition, lower commissions, and reduced home prices benefiting both buyers and sellers.
i feel this could push agents to really redefine their service. lower fees may force better customer focus, but also risk slip ups if not careful. its a gamble on whether tech or traditional service wins out in the end.
Having worked in real estate for several years, I believe the removal of the traditional 6% fee will challenge agents to rethink their value proposition. This change may foster greater competition, pressuring agents to demonstrate exceptional service and efficiency while adapting to new commission structures. The shift will likely encourage the adoption of technological tools to optimize client interactions and streamline transactions. However, it is essential to monitor how agents adjust their compensation models to ensure service quality does not suffer in the quest for cost savings.
Drawing from personal experience in the industry, I believe eliminating the 6% fee is a pivotal move that will demand agents rethink how they package and deliver their services. This adjustment could lead to a more competitive market where agents focus on enhancing their value proposition, integrating digital tools, and providing tailored advice to clients. While there is potential for negotiating better deals for buyers and sellers, the onus remains on agents to maintain high standards of service in this transformative period without relying on traditional commission models.
hey im not sold on this change, lower fees might push agents to cut corners. could be a win for buyers but quality of service may drop. anyone observed similar trends, or think its more hype than fact?
Really interesting take! I wonder if smaller firms will innovate enough to fill any quality gaps. Could this shift push agents to create customized value packages? What do you all think might be the next big strategy?