“Realtor commissions have been a very effective way to incentivize property sales, but that does not mean administering the system cannot be improved. Real estate transactions are governed by contract, so there is quite a bit of flexibility in how they can be structured. Asking tough questions may help to enhance the perceived value for the parties involved in a typical residential home sale. For an illustrative example, there are real estate brokerages which offer services a la carte, rather than a full-service approach, so clients can choose the level of assistance they want or need. The industry, without court intervention, appears to be solving for some of the recent issues in the news.”
– Taylor Roderick, transactional real estate attorney at Rose Law Group
