Buyer side commissions are under attack on multiple fronts across the US. Beginning this month in Washington State, the Northwest Multiple Listing Service will allow member agencies to publicly publish buyer side fee via their IDX feed.
At least three major Washington state real estate agencies have published or plan to publish buyer side fees.
The goal of the policy change is to introduce fee transparency, so that buyers understand that buyer side representation comes with a cost. If widely adopted the most likely result would be buyers insisting upon a higher level of service from their buyer client or more buyers going directly to the listing agent.
An IDX listing from the Northwest Multiple Listing Service, notice the additional listing info:
Two class action lawsuits are currently pending against the National Association of Realtors claiming that the requirement to offer cooperating commissions as a condition of posting listings to the MLS is a violation of the Sherman Anti-Trust Act.
On Monday the Department of Justice filed notice that NAR has presented an “inaccurate portrayal” of the 2008 anti trust consent decree in one of the two pending anti trust cases.