After a recent landmark case where the real estate industry was found guilty of colluding to artificially inflate real estate agent commissions, industry expert Jason Posnick has been inundated with inquiries from clients regarding commissions and cooperative compensation. In the past two months alone, Posnick has participated in approximately 11 listing appointments, with half of these discussions centered around this issue.
• A Missouri jury recently found the real estate industry liable for colluding to artificially inflate real estate agent commissions.
• Jason Posnick, an industry expert, has been receiving numerous questions about commissions and cooperative compensation from clients.
• In the past two months, Posnick has been involved in approximately 11 listing appointments, with half of them focused on commission matters.
Clients are rightfully concerned about the impact this legal development will have on their transactions and whether they are paying a fair price for the services they receive. While the case has garnered significant attention, it is critical for clients to understand their rights and the guidelines that govern real estate agent compensation.
• Clients express concerns regarding the impact of the recent legal case on their transactions and the fairness of their payments.
• It is vital for clients to be aware of their rights and the regulations that govern real estate agent compensation.
Posnick emphasizes the importance of transparency and open communication between agents and their clients during these uncertain times. By providing clear explanations of the services offered and the associated costs, agents can ease clients’ concerns and build trust in the industry.
• Posnick highlights the significance of transparency and open dialogue between agents and clients.
• Clear explanations of the services provided and associated costs can help alleviate client apprehensions and foster trust.
You can read this full article at: https://www.housingwire.com/articles/real-estate-agents-are-bracing-for-the-impact-of-the-commission-lawsuits/(subscription required)
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