Inman Intel Index's latest findings track the real estate industry's changes following Sitzer | Burnett commission case verdict.
TALLAHASSEE, Fla., Dec. 20, 2023 /PRNewswire-PRWeb/ -- Results from November's Inman Intel Index (aka Triple-I) of real estate professionals, released today in coordination with December's survey opening, show significant evolution in housing industry sentiment in the wake of the Sitzer | Burnett commission case verdict.
An innovative monthly survey, the Triple-I is the only one to poll real estate industry stakeholders before, during, and after the first of many commission lawsuits.
"It was eye-opening to examine the arc of industry sentiment from August through November," said Chris LeBarton, Inman Director of Research. "The survey results speak volumes about how much has changed, and what real estate professionals think will come to pass 12 months from now."
The survey uncovered countless takeaways for industry decision-makers, including:
- Over 50% of agents & broker-owners said the likeliest Sitzer | Burnett verdict outcomes are cooperative compensation going optional and falling Realtor enrollment.
- That represents a 30 percentage point increase from an August agent survey.
- Homebuyers can expect more paperwork: 30% of broker-owners now require buyer agency agreements, while 15% now request their agents use them.
- Following the verdict, nearly two-thirds of brokerage leaders expect those same homebuyers to view their commissions negatively.
- While their clients still mostly seem unaware or unwilling to talk commissions, nearly 15% of agents said they've had buyers ask about the lawsuits.
This handful of insights is part of a comprehensive dataset available exclusively to Inman Intel subscribers.
Inman Intel, the data and research arm for the industry's leading news source, surveys its community monthly to track sentiment and provide actionable information in a critical period for decision-makers. Inman Intel's December Triple-I survey is now open. Results from the previous month's survey are released on the third Wednesday of each month.
About Inman
Inman is the leading news source for real estate agents, brokers, executives, and technology leaders who gain useful advice on the industry's top stories, trends and developments that help them grow their businesses and stay ahead of the competition. With an audience of over one million professionals, Inman's pages and stages are where the industry goes to find the most innovative ideas and new business models, through our website, newsletters, events, awards, education, research, and subscriptions.
About Inman Intel
Inman Intel is a members-only service designed for real estate industry executives, team owners, association leaders, proptech founders and the investment community. Intel helps navigate the residential marketplace aided by research insights into factors that may impact key factors for doing business. The monthly and yearly subscriptions are available.Benefits include weekly member-only email newsletter, research reports, periodic webinars, member-only sessions (virtual or in-person), and presentation decks from Inman Connect events. Plus an Inman Select subscription.
About Inman Intel Index
Each month, the Inman Intel Index — commonly referred to as the Triple-I, or III — takes the pulse of real estate agents, brokers, mortgage professionals and industry executives, tracking industry sentiment on everything from the state of the housing market to advances in technology like artificial intelligence. It generates actionable insights that move the industry forward. Results from the previous month's survey are released on the third Wednesday.
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