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A new data study has determined the commission rates that real estate agents charge to buyers and sellers has held steady since the National Association of Realtors (NAR) settlement went into effect in August.

According to data from AccountTECH, the average commission rate charged to sellers at 30 days post-settlement was 2.77%, compared to 2.75% at the same time one year earlier. At 60 days, the average commission rate was 2.738%, compared to 2.724% one year earlier.

At 30 days post-settlement, the average commission rate charged to buyers was 2.545%, compared to 2.595% one year earlier. At 60 days, the average commission rate 2024 was 2.486%, compared to 2.541% one year earlier.

“Additionally, the study found that the number of new buyer side transactions decreased in the first 60 days after the NAR settlement when compared to 2023,” said the data study from AccountTECH. “In 2023 during the same period, the number of new buyer side transactions was 19,274. This represents a decrease of 1,916 transactions, a decrease of about 10% year-over-year. This may be a point of concern as it suggests a potential reduction in buyer side market activity following the settlement.”

Booking.com

The data analysis encompassed sales at 625 real estate offices; only transactions where the date the transaction went under agreement was within 60 days of the NAR settlement were included. The study focused solely on sales transactions, excluding rental commissions or any other type of commission income. Outliers, defined as cases where the commission charged was over 5% or below 0.5%, were also excluded.

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