Sell a Property
Sell a Property
Call us: 1-877-297-1188
More Blogs

Understanding the Impact of No-Commission Real Estate Transactions

Understanding the Impact of No-Commission Real Estate Transactions In the wake of a groundbreaking lawsuit accusing several Manhattan real estate brokerages, including the Real Estate Board of New York (REBNY), of artificially inflating commissions, the real estate world is buzzing with discussions about the implications and benefits of no-commission transactions. HomeFree Realty is here to […]

homeFree

November 18, 2023

Understanding the Impact of No-Commission Real Estate Transactions

In the wake of a groundbreaking lawsuit accusing several Manhattan real estate brokerages, including the Real Estate Board of New York (REBNY), of artificially inflating commissions, the real estate world is buzzing with discussions about the implications and benefits of no-commission transactions. HomeFree Realty is here to break down what this means for you as a buyer or seller in the real estate market, and more importantly offer you as a buyer or seller an no-commission alternative.

The Case Against Commissions

A recent lawsuit filed against major players in the Manhattan real estate market alleges that these firms conspired to maintain inflated commission rates. This case echoes a growing sentiment among consumers seeking more transparent and equitable real estate dealings.

The Advantages of No-Commission Real Estate

1. Increased Savings for Sellers and Buyers: Without the burden of high commission rates, sellers can price their homes more competitively, and buyers can potentially negotiate better deals.
2. More Control Over Transactions: Eliminating commissions can give both parties more direct control over the transaction, fostering clearer communication and a more straightforward process.
3. Enhanced Market Efficiency: A no-commission model can lead to a more dynamic and efficient real estate market, with prices more accurately reflecting property values without the distortion of commission fees.

HomeFree Realty’s Take on No-Commission Transactions

At HomeFree Realty, we understand the value of fair and transparent real estate practices. We believe that the move towards no-commission transactions represents a positive shift in the industry, aligning with our commitment to providing clients with honest and cost-effective real estate services.

Navigating the Changing Landscape

Whether you’re buying or selling, it’s important to stay informed about the latest trends and legal developments in real estate. As the industry evolves, working with a knowledgeable and ethical real estate firm becomes even more crucial.

Ready to Experience the No-Commission Difference?

HomeFree Realty is at the forefront of this changing landscape, offering guidance and services that align with the emerging no-commission model. Contact us to learn more about how we can help you navigate your real estate transactions with transparency and trust.

Visit our Real Estate Services page or Contact HomeFree Realty for more information.

Courtesy of Whatever Else Marketing

SELL SIMPLE.
BUY BETTER.

With homeFree, it’s easy! Finally, a platform that connects buyers and sellers. Offering support and service every step of the way, we save you money and give you back control.
List Now
All the trademarks are the property of their respective owners.
© 2024 homeFree Realty Inc. All rights reserved.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

* Only when the buyer comes direct, otherwise the seller may choose to negotiate a commission with the buyer’s agent.

Legacy Mortgage Group is partnered with homeFree to offer free in-depth mortgage Pre-Qualifications to give you the confidence to shop for your next home purchase.
Please fill in the form, and we will be in touch ASAP.
Legacy Intake Form
X
crossmenuchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram