The new NAR rules have actually made buyer agent commissions go up not down

[Henry Lazerow]

Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings that provide 2% are now increased either by seller or buyer to our minimum of 2.5%. I have not had any buyers or sellers put up an argument with this or try to buy without a buyer agent. I don't make my clients sign long term contract either just per a property saying will pay me the difference if we don't get at least 2.5% and everyone been cool with it. Some background my team has sold around 55 million now of 2-4 units in Chicago so we are the experts in the niche, maybe new agents will have a harder time now but definitely is not hurting experienced agents.