Inman News always has an eye on what trends are surfacing in the real estate industry. Each day, emerging technologies, new businesses and the latest industry statistics cross our desks. We asked our reporting team to single out the trends that stand out the most. Feel free to send feedback on what we may have overlooked to [email protected] Here are the trends that caught our eye: 1. Minimum-service standards: Illinois passed a law to be enacted this year to require a minimum level of service from real estate brokers, and several other state Realtor associations also are investigating similar laws. The regulation puts traditional full service companies at odds with newer alternative business models that enable consumers to pay only for the realty services they want. 2. The shrinking sales commission: Downward pressure on commission continues. As consumers perform more research on their own before contacting a real estate agent, they're negotiating lower commissions in their real es...
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