The future of real estate fees

Part I: 2020 Re-Envision Survey Results

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By the year 2020, consumers will increasingly pay real estate professionals based on the specific services they select, according to the results of a survey conducted by Inman News.

The online survey, conducted from Feb. 5 to March 5, asked readers to envision the business of real estate brokerage in the year 2020. Four questions on the survey focused on the structure of compensation for real estate professionals, with each question receiving 505 responses.

When asked what will change the most about real estate compensation, the largest share of respondents — 40.4 percent — said that fees will increasingly be based on the consumer’s selection of services by the year 2020.