I recently received an email from an agent at Sotheby’s, a prominent real estate brokerage with 1,115 offices located in 84 countries and territories worldwide, and I thought it was worth sharing. The email likely originated from Sotheby’s senior management and was then distributed to agents, who could choose to send it to their prospective clients.

The email offers a solid recap of the current situation with real estate commissions following the price-fixing verdict. What’s particularly exciting is that this is the first time I’ve seen a real estate brokerage openly encourage clients—both sellers and buyers—to negotiate lower commissions. This is a significant shift in the industry!

However, there’s also a point in the email that I disagree with, which I’ll discuss later.

One of the reasons I decided not to sell my previous house in early 2024 was that I didn’t want to be among the last homeowners paying

Keep reading this article on Financial Samurai.

Leave a Reply