6 percent is dead 

Flickr photo by DairDair.

Yes, the day of the standardization of 6 percent commission is dead. How long will it take for the industry to realize this? That is the new question.

Now, don't get me wrong, I am not attacking the industry, commission dollar amounts or high-paid all-star agents (many who are worth every penny). I am simply talking about the "percentage-based commission structure."

If a top real estate broker in New York City is on average making $50,000 per transaction, I am not staking the claim that they should not be making $50,000 per transaction -- they may, in fact, be worth it -- possibly even worth more.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.