Buyers’ Agent Commissions to Rise in Slow Housing Market

The slow housing market of 2021 is likely to bring some good news for buyers’ agents, as their commissions are expected to rise slightly. This comes as a result of fewer agents brokering fewer deals at lower prices. The past few years have seen a downward trend in the amount that buyers’ agents receive for their services, with many seeing cuts in their commissions due to an oversupply of agents and competition driving down prices. But this year could see a reversal of that trend, as the number of transactions decreases and prices drop further. Real estate experts predict that this will lead to an increase in buyers’ agent commissions, as they become more selective about which deals they take on and are able to command higher fees for those they do accept. They also point out that while the total amount spent on commission may be lower overall due to fewer transactions taking place, the average commission rate should still go up slightly. However, it is important to note that these increases are not expected to be significant or widespread across all markets – rather, they will likely vary from region to region depending on local conditions and demand levels. Furthermore, even if commissions do rise slightly next year, it is unlikely that this will make up for the losses incurred by many buyers’ agents over the past few years. Ultimately, while there may be some good news ahead for buyers’ agents in 2021, it remains unclear just how much benefit they will see from any potential increases in commission rates – or whether those increases will be enough to offset any losses experienced during 2020's slow housing market.