A new Inman report that just came out: A New Decade in Real Estate. The report is based on a survey of Inman readers that got over 500 responses.
The report is fascinating: especially Part 1: The Future of Real Estate Fees. 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. Additionally, 17.4 percent of respondents said that brokers will increasingly charge a flat fee for real estate services. So, more than half of respondents (57.8 percent) believe that real estate services will increasingly be fee-based in the next 10 years!
If we ever needed more reason to believe that fees are the future, this is it. Increasingly agents and their brokers are going to be scrambling to develop fee and hourly options. If you're an agent or broker who is "on the fence" about becoming an ACRE®, this report is evidence that the time is now to do so.
If you're not a premium Inman member, the report is rather pricey: $79. I wish I could share the report with you but I don't want to go against copyright laws. If you wish to purchase it (or download for free if you're a premium member) click here.
BTW, kudos to ACRE® Vicki Lloyd who was quoted in the report under the section "Weeding out industry players".
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