May is Commission and Compensation Month at Inman. Sort through the noise with the most up-to-date news on the commission changes. And look for straight-to-your inbox updates with Inman’s new weekly digest, Commission Chronicles.
NextHome CEO James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster. However, when pressed by moderator Brad Inman on how much buyers might end up actually paying in the future, Dwiggins and his fellow panelist, new eXp CEO Leo Pareja, declined to state an exact number or percentage.
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Dwiggins said he saw a variety of options for buyers in the future, including compensation coming down on the buy side for buyer’s agents who are not good at articulating their value. He also foresaw seller concessions as a way to allow sellers to help buyers pay their agents.
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There are lots of ideas out there and very little certainty, so we wanted your perspective: How will buyers pay for your services post-settlement? Do you think sellers will continue to offer buy-side compensation outside of the MLS? Do you think buyers will favor dual agency or try to negotiate buyer’s agent commission downward? Will lenders come through with a way to finance compensation and, if so, should they? Let us know below:
We’ll compile a list of the top responses and post them on Inman next Tuesday.
