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New Rules, New Costs: How DOJ’s Real Estate Scrutiny Could Impact You

by Team Lumida
July 15, 2024
in Markets, Real Estate
Reading Time: 3 mins read
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Photo by Tingey Injury Law Firm on Unsplash

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Key Takeaways

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  1. DOJ scrutinizes real estate commission structures, signaling potential further changes.
  2. New rules could reduce real estate commissions by 30%.
  3. Industry pushback and legal inquiries continue as DOJ evaluates next steps.

What Happened?

The Justice Department is scrutinizing the real estate industry’s commission structures, even after a landmark settlement aimed at reducing costs for home buyers and sellers. Starting next month, the new rules will allow buyers to negotiate fees with their agents more easily.

This settlement, finalized in March, could potentially lead to a 30% reduction in the $100 billion Americans pay in real estate commissions annually. However, the DOJ is considering whether these changes are sufficient and may pursue additional reforms.

Why It Matters?

Lowering real estate commissions could save consumers significant money, making home buying and selling more affordable. The typical commission rate in the U.S. is 5-6% of the purchase price, one of the highest globally.

If the DOJ decides the current settlement doesn’t go far enough, it could enforce more stringent regulations, leading to further reductions in commission costs. This could also prompt industry-wide changes, making it imperative for investors to monitor these developments closely.

What’s Next?

The DOJ has until November to decide whether to challenge the settlement, which could lead to further negotiations. If they intervene, expect more rigorous scrutiny of real estate practices and potentially more significant changes to how agents are compensated.

Watch for additional DOJ inquiries into state and national real estate associations, as these could signal upcoming regulatory shifts. Investors should stay alert to how these changes might affect real estate companies and the broader housing market.

Source: Wall Street Journal
Tags: DOJreal estate commissions
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018