NAR and GCAAR supports all business models and favors none. Our membership includes at least Realtors® who work on a full service basis as well as those who consider themselves to be limited service, fee-for-service, minimum service, and discounters. Real estate is a highly competitive business. About one in every 86 adults is a Realtor®. During this market slowdown, it has become even more competitive. The real estate industry has harnessed technology for the benefit of consumers, and will continue to do so. Real estate is both high tech and high touch. There is no such thing as a “standard commission.” Commissions are negotiable and prices vary. The fact is that commission rates have decreased 16% from 1991 to 2004.(source: Real Trends).
