Change is in the air for Boston real estate commissions
Boston Condos for Sale and Apartments for Rent
Change is in the air for Boston real estate commissions
You know a lot about a Boston real estate agent performance. You can see how long their condos for sale in Boston have been on the market and how likely they are to sell for above estimate. You can measure buyer and seller satisfaction. So, when it’s time to put a your Boston condo on the market, why not have every broker make a commission bid instead of choosing the one who has a lot of signs around town?
Peace be with you
Updated: 2025 Boston Real Estate Blog
Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2025
John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
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Change is in the air for Boston real estate commissions
The justice department pushed back on a proposed settlement in a Boston-based lawsuit over broker commissions, pushing for the listing service to “prohibit sellers from making commission offers to buyer brokers at all,” in a change that “would promote competition by having Boston condo buyers to negotiate directly with their own brokers.”
Boston Condo Sellers and Buyers
Some forecasts claimed the move would cool home prices. Many have dismissed those projections as overblown, but it is clear that the settlement terms mean the burden of commission costs won’t be automatically assigned to sellers.
Boston condo buyers and flat fees
Boston condo buyers can try to go bare-bones, paring down the assistance they need with buyer brokers.
Now, Boston condo buyer brokers are laid bare for negotiation. Boston condo buyers, that use buyers agents, will likely be in charge of tallying the costs related to their representation earlier in the process through exclusive agreements or flat fees for their services.
Boston condo for sale commissions
If the proposed agreement holds, it will take Place July 2024.
My thoughts as a Boston condo for sale broker
The mere prospect of a future settlement has already caused some Boston condo for sale sellers to change their behavior when selling their homes. Numerous Boston condo Sellers are waiting for the new rules to take effect in July to lower — or even eliminate — the commission they offer to buyers’ agents.
Some prospective homebuyers said they plan to restart their housing search after the new rules to take place, hoping to see lower prices.
If approved by a judge, the settlement could have seriously effect Boston condo buyer agents.
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Updated: Boston Real Estate Blog 2024
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Ford Realty Inc., Charles Street, Beacon Hill
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Boston Beacon Hill Condos for Sale
Updated: Boston Real Estate Blog 2024
Condo Broker 137 Charles St. Boston, MA 02114
Visit our office at 137 Charles Street (Rear), Beacon Hill MA 02114
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Beacon Hill Condos for Sale
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
