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A 2024 settlement failed to lower real estate commissions, which remain near 2.5%–3% for buyers’ agents.
A 2024 settlement aimed to reduce real estate agent commissions by requiring separate negotiations between buyers and their agents, but most buyers’ agents still receive 2.5% to 3% of the sale price, with sellers typically paying the full 5%–6% fee.
Despite new rules mandating buyer representation agreements, commission rates have remained largely unchanged due to market norms and pressure to keep offers competitive.
In California, a 2024 law strengthens the agreement requirement, allowing agents to flag affordability issues, signaling that nonstandard commissions may deter buyers.
Critics, including the DOJ, warn the system limits competition, while Realtors argue it improves transparency.
Overall, the settlement has not led to meaningful commission reductions.
Un acuerdo de 2024 no logró reducir las comisiones inmobiliarias, que se mantienen cerca del 2,5%-3% para los agentes de compradores.