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Posted on 10/12/2025 10:33:16 AM PDT by E. Pluribus Unum
The changes follow a class action lawsuit challenging the longstanding fee structure of the entire U.S. real estate system.
An important sea change has taken place in the United States' $136 trillion real estate market. It stands to impact nearly everyone buying or selling a home. And it’s due to a game-changing lawsuit against the National Association of Realtors. Consumers face new rules designed for their benefit. But the overhauled system and the fallout are still being figured out.
Jared Breit helped spark the real estate revolution. He joined a class action lawsuit challenging the longstanding fee structure of the entire U.S. real estate system.
“When I sold my home in St. Louis, which was a huge part of this case, I just remember saying, 'Why am I paying someone who I've never met before 3%?'” Breit recalls in an interview with "Full Measure with Sharyl Attkisson."
"No one from the buyer's side ever did anything for me. Sure, they brought a person to look at my house, but that's the point of real estate. I was confused. It's the first time I sold a home and I really wondered, where's the fairness in paying 3% and 3%?"
Historically, people selling their home typically paid about 3% of the sales price to their real estate agent, and another 3% to the buyer’s agent. The giant lawsuit filed by Breit and other consumers claimed that sellers having to pay the buyer’s agent led to cozy deals between the supposedly competing agents, prioritizing their own shared profits over clients. The lawsuit also took on murky contracts and hidden fees.
The National Association of Realtors, and major companies under which real estate agents work, were found guilty of antitrust violations and settled for a half billion dollars. After the Department of Justice...
(Excerpt) Read more at justthenews.com ...
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In the past an owner would build that into the price.
In the present,buyer benefits because owner does not need to pad his price higher.
Why should an agent get 10 grand on the sale of a house when all they did was print up some listings and drive around showing houses? They rank somewhere a little above a car salesman and pimp.
It’s a horrible mess in Oregon. I’m still searching for property after the Almeda fire and I have to sign a 10 page agreement that they won’t let me read to even look at a friggin mobile home!
The last one wants $5,000 to show it..a $80,000 MH.
It’s impossible. It’s been so awful I have decided to stay here isolated with no heat, transportation or medical care.
Payment of the buyer agent’s fee now just gets to be a negotiated part of the deal. It hasn’t really gone away. Agents aren’t showing places for free.
They are going to kill the goose that lays the golden egg because of their greed.
My parents were in real estate. To be successful you have to live it every minute of your life. You have to be available to drive clients around any time of the day or night. It's a 24/7 job involving lots of advertising. My mom had a billboard with her face on it for 20 years at the intersection of two widely traveled highways. It cost money, but it made more money.
Agents who sit around the office drinking coffee don't fare very well.
I have bought two homes, and sold one without a real estate agent involved. It isn’t rocket science, real estate agents are just a convenience, and they better learn that or their industry will be seeing more widespread reforms.
Are they supposed to work for nothing?
“Are they supposed to work for nothing?”
No..just a lower % or flat fee. Let the buyer pay his owh agent.
I know an agent personally and these changes have helped him immensely.
It has reduced unqualified buyers.
I know several other agents who are not happy too.
I always handled my real estate but it’s too confusing now..too old, too sick
Seller pays Seller’s agent and that agent gives Buyer’s agent a cut. It’s whatever they negotiate. Neither Seller nor Buyer cares.
That’s not what I am talking about.
It’s a freaking mess! Don’t try to make it sound otherwise
Coffee is for closers!
“ It’s a freaking mess! Don’t try to make it sound otherwise”
It probably is. I bought and sold several homes. Always something going on. I chose to let my agents handle that crap so I don’t have to. That’s what I paid them for. Less stress.
That’s a stupid question.
I’m going to take a wild guess here, but I am fairly certain being forced to sign any agreement without being allowed to read or have it reviewed by others would invalidate that agreement. You can’t agree to something you have no knowledge of. Tell them to go piss up a rope. Oh and report them to whatever state board licenses agents.
Can individuals sell property to each other without a real estate agent in Oregon?
https://portland.craigslist.org/search/tra#search=2~gallery~3
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