Key Points:
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Lawsuits Over Real Estate Commissions Are Multiplying
The legal soil is getting fertile for blooming lawsuits aplenty, all thanks to real estate commissions – or the lack thereof! Tongues are wagging, and the topic of debate are commissions these days!
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Brokerages Are Taking Steps To Protect Themselves
Brokerages are leaping into Rescue Mode to shield themselves. No more lazing about on the beach sipping margaritas! Thanks, commission lawsuits!
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Results Of November’s Inman Intel Index Survey
The survey findings have piqued everyone’s interest, showing that it was high time brokerages got their act together! And, there’s more numbers and data than a Sudoku puzzle.
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Are Real Estate Commissions a Hot Potato?
Are real estate commissions hot potatoes that no one wants to let hold? Or maybe they’re more like melting ice-creams that everyone wants a lick off? The debate continues.
Now for our Hot Take…
These real estate commission lawsuits are spreading faster than a dropped tub of glitter at a kid’s party. Brokerages are taking notice and, like nervous parents, trying to tidy up even as the mess keeps spreading. The Inman Intel Index survey shows us just how much the situation had escalated. They’ve effectively shouted, “Surprise! It’s time you got off your lazy boy recliners and started adulting,” to the brokerages.
As for the debate around whether real estate commissions are the hot potato, it’s more like a game of Monopoly where some are reluctant to passing ‘Go,’ afraid of the financial consequences! Either way, it seems the realm of real estate has taken a dramatic turn and, folks, I must say, it’s more exhilarating than your afternoon soap opera cliffhanger! So, fasten your seat belts, have some popcorn ready, and stay tuned for the next episode of “What Will These Commission Lawsuits Do Next?”
Original article: https://www.inman.com/2023/12/20/1-in-4-agents-are-fielding-client-commission-queries-now-triple-i/
