New Ideas for Promoting Real Estate Brokerage Price Competition

A prohibition against residential real estate listing agents setting the fees collected by buyer agents, as appears likely, will take a big step towards introducing price competition into the market for providing consumers with real estate services. While other obstacles remain, there is an opportunity for the form and level of agent commissions to change almost as much as travel agent and stockbroker commissions did when technology and regulations upended them. Listing agent commissions of 40%,