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There is a brand-new study being touted in the industry that discusses the state of your commissions/fees since the Sitzer Burnett settlement.  

The study by the Consumer Policy Center is eye-opening in the omissions and obfuscations made to reach the predetermined conclusion that real estate agents are doing workarounds in order to preserve pre-settlement commission rates.  Oh, the greed that you must possess for wanting to get paid for your work.

The study ignores the new settlement rules in place and places outweighed value on agents trying to maintain status quo instead of following market forces.  

The study also suggests that real estate agents, unlike any other profession, should cut commissions and fees simply because it would be good for the consumer!!!!!   Try to get your doctor to cut his fee because it would be good for you.  What a joke!!

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.