Subject: Re: NAR settles realtor lawsuit
My impression of Berkshire real estate is that it at least in the early days tended to have quite a few high end properties. I think the higher price properties will see some real pressure on commissions. I live in a neighborhood of small but expensive water front homes. They sell for three times the price of other houses in the area. The work required of a realtor is not much different for the riverfront properties than other houses, and I’m certain that negotiated commissions will be lower.
There are 2000 licensed realtors in our town of 100,000 people. They have been raking it in as the town has boomed and prices climbed to levels well above the surrounding areas. I see a shake out in the future.