A few weeks ago, an article was posted on Inman about a very interesting topic that I want to delve into today: commission compression.
As you can see in the link, the article begins by stating, “Consumer behavior, demand, and expectations are going to reduce commissions. It’s a matter of when, not if.” That’s a little concerning to me—what does commission compression mean, exactly? I think it indicates downward pressure. In other words, what used to be one number is now a lesser number, on average.
What are your options in preparing for commission compression? Do you sell your home and buy a smaller one? Or get rid of your car and buy a smaller one? Those are both viable routes, but a more practical and meaningful option, in my opinion, is to stop leaving money on the table and consider working for an organization that pays you a higher percentage, such as Benchmark Realty, Synergy Real Estate Group, or Realty ONE Group Music City.
We consider ourselves the best of all arenas. We don’t just offer 100% commission; we also provide the training, tools, resources, and great office locations agents need to truly thrive. When commission compression reaches Inman’s headlines, it’s time to stop ignoring it and start preparing for it.
If you’d like to talk more about preparing for commission compression or have any real estate questions I can answer, don’t hesitate to give me a call. I’d love to speak with you.
