{"id":78308,"date":"2024-08-02T07:00:46","date_gmt":"2024-08-02T14:00:46","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=78308"},"modified":"2024-08-01T17:08:16","modified_gmt":"2024-08-02T00:08:16","slug":"buyers-agent-commission-july-2024","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/buyers-agent-commission-july-2024\/","title":{"rendered":"The Typical Buyer\u2019s Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Buyer\u2019s agent commissions have declined since the NAR settlement announcement; the average stands at 2.55%, down from 2.62% at the beginning of the year. Changes mandated by the NAR settlement must be complete by August 17; we could see further declines after that.\u00a0\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">In dollar terms, the typical buyer\u2019s agent earns $15,377 per deal, up marginally since January due to rising home prices.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">On a local level, percent commissions have declined throughout 2024 in all but 3 of the most populous U.S. metro areas; most of the decreases are less than one-tenth of a percent. Commission percentages have declined most in Detroit, Cleveland and Miami.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Redfin has always charged lower fees; for instance, Redfin charges a listing fee as low as 1% and doesn\u2019t dictate whether or how much sellers offer to a buyer\u2019s agent.\u00a0\u00a0<\/span><\/i><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their home\u2019s buyer. That\u2019s down from an average of 2.62% in January, before the industry-shaking <\/span><a href=\"https:\/\/apnews.com\/article\/national-association-of-realtors-agent-commissions-lawsuits-d62a66cb80639be3c4c3b429053a22c5\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NAR settlement<\/span><\/a><span style=\"font-weight: 400;\"> was announced in March. <\/span><span style=\"font-weight: 400;\">The 2024 decline is a continuation of a yearslong gradual decline in commissions, which Redfin has <\/span><a href=\"https:\/\/www.redfin.com\/news\/real-estate-commissions-november-2021\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> in the past. It&#8217;s also possible that news of the settlement made consumers more aware they can offer any commission to a buyer&#8217;s agent or none at all, contributing to the decline since March.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this report, Redfin analyzed MLS data of rolling four-week periods through July 14, 2024. It includes listings that offer a commission to the buyer\u2019s agent and excludes listings that offer no commission or for which the commission field is missing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In dollar terms, the average commission paid to a buyer\u2019s agent in the U.S. is $15,377, up slightly from $15,124 in January. The dollar amount has increased marginally even though the percentage has declined because of the rise in home prices. The national average commission is calculated as an average of actual buyers\u2019 agent commissions in the multiple listing services (MLSs) that are currently reporting on this data.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-78319\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-01-at-5.03.33\u202fPM-1-1024x610.png\" alt=\"\" width=\"700\" height=\"417\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-01-at-5.03.33\u202fPM-1-1024x610.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-01-at-5.03.33\u202fPM-1-300x179.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-01-at-5.03.33\u202fPM-1-768x458.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-01-at-5.03.33\u202fPM-1.png 1030w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re reporting on this data now because buyers\u2019 agent commissions are in the news and on consumers\u2019 minds as we get closer to <\/span><a href=\"https:\/\/www.housingwire.com\/articles\/nar-settlement-terms-slated-to-go-into-effect-in-mid-august\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">August 17<\/span><\/a><span style=\"font-weight: 400;\">, the deadline for NAR-affiliated MLSs to implement the changes mandated by the $418 million National Association of Realtors (NAR) settlement. Back in March, NAR agreed to settle a series of class action lawsuits in part by changing its rules on the way commissions offered to buyers\u2019 agents are advertised. In the series of lawsuits that led to the March settlement, home sellers alleged that NAR\u2019s longstanding rules on commissions forced them to pay <\/span><a href=\"https:\/\/www.nytimes.com\/2024\/04\/23\/realestate\/nar-settlement-realtors-commission.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">excessive fees<\/span><\/a><span style=\"font-weight: 400;\"> to agents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As it stands, home sellers pay the buyer\u2019s agent commission as well as their own agent\u2019s commission in the majority of transactions. Under the terms of the settlement, listing agents may no longer advertise a unilateral offer of buyer\u2019s agent commissions in MLSs that are affiliated with NAR or in MLSs that have opted in to the NAR settlement. That has the potential to change the homebuying and selling process in <\/span><a href=\"https:\/\/www.redfin.com\/news\/nar-settlement-kaboom\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">various ways<\/span><\/a><span style=\"font-weight: 400;\">, and make it more likely that buyer agent commissions become part of the offer negotiation. It\u2019s too soon to tell how these changes will shake out and how much they will impact the fees consumers pay.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What we do know is that the average percent commission paid to buyer\u2019s agents has steadily come down since the NAR settlement was announced, though the decrease is small and the dollar amount paid to buyer\u2019s agents has held steady. Additionally, buyer\u2019s agent commissions had already posted a modest decline in the decade before the settlement, from an average of 2.89% in 2013 to 2.66% in 2023.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cRedfin agents are reporting that commissions have been top of mind for clients since the NAR settlement was announced, and some sellers are asking about what it would mean to offer no commission or a relatively low one,\u201d said Redfin Chief Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Daryl Fairweather<\/span><\/a><span style=\"font-weight: 400;\">. \u201cStill, even before the blitz of publicity around the class-action lawsuits and NAR settlement, commissions were coming down. That\u2019s partly because of the competitive housing market before and during the pandemic\u2014which motivated some sellers to offer a low commission because they knew they could still attract buyers\u2014and greater fee <a href=\"https:\/\/www.nwmls.com\/nwmls-leads-the-industry-in-providing-consumers-with-transparency-choice-and-options-to-negotiate\/#:~:text=NWMLS%20has%20led%20the%20industry,compensation%20to%20the%20buyer%27s%20broker\" target=\"_blank\" rel=\"noopener\">transparency<\/a>.\u201d <\/span><\/p>\n<h3>Commission percentages have declined in all but three of the most populous U.S. metros since the NAR settlement\u2013but the decreases are small<\/h3>\n<p><span style=\"font-weight: 400;\">Broken down by metro area, commission percentages paid to buyer\u2019s agents have declined in all but three of the most populous metro areas since the NAR settlement was announced. They increased incrementally in one, and stayed flat in two. Most of the declines are small, less than one-tenth of a percent. Redfin analyzed the 50 most populous U.S. metros and included in this analysis the 49 with sufficient data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commission percentages have declined most in Detroit: The average commission paid to a buyer\u2019s agent there was 2.87% during the four weeks ending July 14, down from 3.18% in January. Next come Cleveland (2.39%, down from 2.62%), and Miami (2.63%, down from 2.84%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commission percentages increased incrementally in Cincinnati; the average there is 2.95%, up from 2.93% in January.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commission percentages are highest in Austin, TX (2.99%), Cincinnati (2.95%) and San Antonio (2.91%). They\u2019re lowest in Nassau County, NY (1.95%), Providence, RI (2.05%), and Anaheim, CA (2.11%).\u00a0<\/span><\/p>\n<h3>Dollar-amount commissions are highest in expensive California metros<\/h3>\n<p><span style=\"font-weight: 400;\">In dollars, the average amount of money buyer\u2019s agents earn in commission is highest in metros where homes are expensive. In San Francisco, the average commission was $50,734 during the four weeks ending July 14. Next come San Jose, CA ($43,159) and Anaheim ($39,877).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buyer\u2019s agents earn the least amount of money per deal in places where homes are relatively inexpensive, all in the Rust Belt: Cleveland (average of $5,280 per deal), Detroit ($7,054) and Pittsburgh ($7,918).<\/span><\/p>\n<h3>Redfin has always been about lower fees<\/h3>\n<p><span style=\"font-weight: 400;\">For our entire history, Redfin has advocated for lower fees, transparency and more choices for real estate consumers. Redfin charges customers a listing fee as low as 1%, and we don\u2019t dictate whether or how much our sellers offer to a buyer\u2019s agent. For many years, we\u2019ve delivered savings to buyers, most recently through our <\/span><a href=\"https:\/\/www.redfin.com\/news\/redfin-expands-sign-save-program-nationwide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Sign &amp; Save<\/span><\/a><span style=\"font-weight: 400;\"> program. In total, Redfin has saved consumers over $1.6 billion in real estate fees, and we\u2019re excited to continue that effort in this new era of real estate.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"3\"><b>Metro-level summary: Average commission percentages paid to buyer\u2019s agents, before and after NAR settlement announcement<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">50 most populous U.S. metro areas*<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><b>U.S. metro areas<\/b><\/td>\n<td><b>Average percent commission, 4 weeks ending Jan. 28, 2024<\/b><\/td>\n<td><b>Average percent commission, 4 weeks ending July 14, 2024<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Anaheim, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.11%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.88%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.82%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Austin, TX\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.03%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.99%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.39%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.33%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Boston, MA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.15%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.59%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.44%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.35%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.93%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.95%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.62%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.39%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.88%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.83%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Dallas, TX\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.95%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.85%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.64%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.56%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.18%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.87%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.74%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Worth, TX\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.89%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.86%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Houston, TX\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.91%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.86%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.63%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.52%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kansas City, MO\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.90%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.83%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.55%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.46%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.31%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.84%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.63%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.38%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.32%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.60%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.56%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.44%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.44%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.92%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.91%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nassau County, NY\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.95%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Brunswick, NJ\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.12%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.12%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.29%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.18%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Newark, NJ\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.34%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.27%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oakland, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.46%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.44%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.58%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.49%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.62%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.57%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.59%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.72%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.63%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.32%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.15%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.05%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.27%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.41%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.39%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Antonio, TX\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.02%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.91%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.21%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.48%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.42%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.47%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.39%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.55%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.51%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">St. Louis, MO\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.56%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.48%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.43%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.76%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.69%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Warren, MI\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.93%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, DC\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.40%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.35%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.65%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.57%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">*Indianapolis is excluded due to insufficient data<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buyer\u2019s agent commissions have declined since the NAR settlement announcement; the average stands at 2.55%, down from 2.62% at the beginning of the year. Changes mandated by the NAR settlement must be complete by August 17; we could see further declines after that.\u00a0\u00a0 In dollar terms, the typical buyer\u2019s agent earns $15,377 per deal, up 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