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Redfin Reports Real Estate Agent Commissions Haven't Changed Much Since the NAR Settlement Took Effect

1. Average buyer's agent commission slightly increased to 2.40% in Q1 2024. 2. This is slightly lower than 2.43% in Q1 2024, showing fluctuation.

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Why Bearish?

The fluctuation in buyer's agent commissions may indicate uncertainty in the market, potentially dampening investor confidence in RDFN. Historically, inconsistent commission rates have correlated with varying sales volumes and could suggest reduced revenue prospects for real estate brokerages.

How important is it?

The article highlights adjustments in buyer commissions that directly affect RDFN and its competitive positioning in the real estate market. Given the current trends, any shifts could significantly influence investor sentiment and trading activity.

Why Short Term?

The immediate impact of commission changes could influence Q2 revenues. If trends persist or worsen, RDFN's short-term financial performance may be challenged as buyers react to commission costs.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average buyer's agent commission was 2.40% for homes sold in the first quarter, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect—but down slightly from 2.43% in the first quarter of 2024, when the new rules were a.

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