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60 days after NAR Settlement: Commission rates mostly holding steady

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BOSTON, Nov. 12, 2024 /PRNewswire/ — AccountTECH is pleased to announce significant new findings regarding the effects of the NAR Settlement, finalized in August 2024, on commission rates that real estate agents charge to buyers and sellers. The recently concluded study, led by the data analysis team at AccountTECH, explored whether the anticipated declines in commission rates have materialized. Many professionals in the industry as well as attorneys involved in the lawsuit believed that the settlement of the lawsuit would drive down commission rates to home buyers and sellers.

The research analyzed commission trends before and after the settlement to determine if the changes have led to a significant impact on the rates charged by real estate agents to both buyers and sellers. The study discovered that for the first 60 days since the settlement went into effect, there has been only minor impact – with no far-reaching implications for real estate professionals, buyers, and sellers alike. In the short term, the findings deliver some relief to Real Estate brokerages and agents – who have both had a lot of concern that shrinking commission rates would decreasing revenue and profitability.

The commission rates charged to sellers were analyzed at 30 and 60 days following the settlement and compared to those same dates in 2023.

At 30 days post-settlement, the average commission rate in 2024 was 2.77%, compared to 2.75% in 2023. This represents an increase of 0.02 percentage points.

At 60 days, the average commission rate in 2024 was 2.738%, compared to 2.724% in 2023. This represents an increase of 0.014 percentage points. These minor changes suggest that, so far, the settlement has not led to any meaningful change in commission rates for sellers.

The commission rates charged to buyers were also analyzed at 30 and 60 days following the settlement and compared to those same dates in 2023.

At 30 days post-settlement, the average commission rate in 2024 was 2.545%, compared to 2.595% in 2023. This represents a decrease of 0.05 percentage points.

At 60 days, the average commission rate in 2024 was 2.486%, compared to 2.541% in 2023. This represents a decrease of 0.055 percentage points. These slight decreases indicate that the settlement, so far, has had only a modest impact on reducing commission rates for buyers.

The scope of the study included a year-over-year comparison analyzing data from 625 real estate offices. Only transactions where the date the transaction went under agreement was within 60 days of the NAR Settlement were included. The study focused solely on sales transactions, excluding rental commissions or any other type of commission income. Outliers, defined as cases where the commission charged was over 5% or below 0.5%, were also excluded. For the 625 real estate offices in the study, the buyer side pending transactions in the first 60 days after the settlement amounted to 17,358 transactions.

Potential Warning signs in Market activity?

Additionally, the study found that the number of new buyer side transactions decreased in the first 60 days after the NAR settlement when compared to 2023. In 2023 during the same period, the number of new buyer side transactions was 19,274. This represents a decrease of 1,916 transactions, a decrease of about 10% year over year. This may be a point of concern as it suggests a potential reduction in buyer side market activity following the settlement. We should continue to monitor year-over-year buyer side transaction counts but be careful not to assume every change in market activity is the result of the NAR settlement.  Interest rates, inventory or general economic conditions are just as likely to be a reason for the decline.

Distribution

During the research, the AccountTECH data team also created a distribution analysis for the first 60 days post NAR Settlement time frame. See the numbers in the table below:

Commission rate charged to Sellers on new transactions started in the first 60 days after the NAR Settlement went into effect:

Commission rate %

Seller side transaction count

4.75

18

4.5

88

4.25

41

4

1132

3.75

119

3.5

990

3.25

167

3

6114

2.75

386

2.5

4264

2.25

411

2

2193

1.75

147

1.5

462

1.25

76

1

274

0.75

41

0.5

128

Grand Total

17051

Commission rate charged to Buyers on new transactions started in the first 60 days after the NAR Settlement went into effect:

Commission rate %

Buyer side transaction count

4.75

13

4.5

20

4.25

24

4

135

3.75

18

3.5

153

3.25

40

3

5251

2.75

372

2.5

5090

2.25

850

2

4026

1.75

479

1.5

343

1.25

110

1

284

0.75

65

0.5

85

Grand Total

17358

Summary

For the 1st 60 days following the NAR settlement, it does not appear that there are any major variances in the commission rates charged to sellers and buyers. 

There was a meaningful decrease in the number of buyer side transactions in the year-over-year numbers, but this may be due to market conditions and not necessarily a reaction to the NAR settlement.  This indicator deserves continued attention.

The small rate of decline in buyer side commissions is likely within the range of normal market variation.  Industry watchers should keep tracking this number closely since a continuation of this 2-month trend of 0.05% decrease per month would bring commission rates on the Buyer side to 2% by June 2025.

Also to watch, the year-over-year count on Buyer side transactions.

About AccountTECH

For over 25 years, AccountTECH’s team of real estate accountants and software engineers have been building tools that increase the efficiency of brokerages. Their latest flagship product is darwin.Cloud – a 4th generation evolution of their popular back-office accounting software. The team is constantly adding automation and integrations towards the goal of single-point-of-entry. Their motto is: data entry can happen anywhere, but everything winds up in darwin. In their work with clients, partners and each other, they bring integrity to every interaction and every line of code.

AccountTECH   www.accounttech.com   (978) 947-3600
For sales inquiries, please contact: 
Theresa Hurt   theresa@accounttech.com  
(978) 710-0071

Media contact:
Rizza Batol
rizza@accounttech.com
978.710.0071

View original content to download multimedia:https://www.prnewswire.com/news-releases/60-days-after-nar-settlement-commission-rates-mostly-holding-steady-302301510.html

SOURCE AccountTECH

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Fox ESS Celebrates Strong Momentum with Integrated Solar Storage & Charging Solutions at Smart Energy 2026

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SYDNEY, May 9, 2026 /PRNewswire/ — Fox ESS, a global leader in renewable energy solutions, attended Smart Energy 2026 during 6-7 May as a platinum sponsor. At the event, Fox ESS showcased its next-generation approach to solar storage and EV charging solution, delivering a seamless, future-ready energy experience for homeowners and installers across Australia.

Integrated Solutions Tailored for Aussie Homes

At Smart Energy 2026, Fox ESS highlighted its storage-to-charging solution, designed to make everyday energy use more convenient for local residents. With performance-led products and proven market traction, Fox ESS is set to play its part in building a more resilient energy future for Australia.

Battery Systems

Fox ESS continues to build momentum in the battery market. Sunwiz, an Australian solar consultancy, recently reported that Fox ESS ranked No.1 in March for installation capacity. And the company also revealed it has installed more than 25,000 systems in April. During the exhibition, Sunwiz presented Fox ESS with an award, recognising the company as Top Solar Company for Fastest Growing Battery.

CQ7 V6+ High Voltage Battery (42kWh and above)
Building on Fox ESS’ proven strengths, compact design and high capacity, CQ7 V6+ is well suited to medium-sized households and ensure the free use of electricity and maximize the self-consumption.EQ4800 High Voltage Battery (28kWh)
A reliable choice for smaller households, designed for efficient day-to-day energy storage.

Alongside its battery range, Fox ESS showcased all-in-one systems, including Stackable AIO and EVO, designed to simplify installation while maintaining a high standard of design and presentation.

Inverters

Fox ESS offers a range of inverters to suit local requirements, supported by up to 200% PV oversizing and a 10-year product warranty.

Single-phase: H1‑G2 (3–6kW); KH series (7–10.5kW)Three-phase: H3 Smart (5–15kW); H3 Pro (15–29.9kW); H3 Plus (50–125kW)

EV Chargers

With EV adoption accelerating, Fox ESS also offers EV charging solutions with solar linkage, designed to work across its inverter portfolio. The chargers provide robust, smart energy management, including dynamic load balancing to help protect home circuits.

A Series (7.3kW / 11kW / 22kW): IP65 and IK08 protection, OCPP-compliant.L Series (7.3kW / 11kW): straightforward installation with multiple colour options.

Big Battery Still Takes Centre Stage

As the Cheaper Home Battery Program moves into a new phase under an updated rebate policy, interest in larger battery systems continues to grow, particularly as more households consider EV upgrades amid rising fuel costs. More EVs typically mean households need greater energy availability, making higher-capacity storage an increasingly attractive option.

Looking ahead, from 1 July 2026, the Australian Government’s Solar Sharer Offer (SSO) will provide eligible households with three hours of free daily electricity to align with peak solar generation. Households with larger batteries will be well placed to make the most of this opportunity.

Fox ESS is also working with local VPP partners, including Amber Electric and Origin Loop VPP, helping homeowners unlock maximum value while supporting greater grid stability.

Maimai Comes Alive at the Exhibition

Visitors to the Fox ESS stand experienced a full programme of brand activations across the event. Following the online announcement, Sydney served as Maimai’s first physical stop, bringing the community together for face-to-face engagement. Attendees queued to take photos with the brand’s friendly and recognisable mascot.

Long-Term Commitment to Australia

Fox ESS has opened two local offices in Melbourne and Sydney, with more than 30 dedicated specialists supporting local customer needs. The company is also looking to play a wider role in Australia’s energy transition.

Notably, Ian Thorpe made his first in-person appearance at Fox Night, where he presented partners with awards. At the event party, Fox ESS also hosted a battery installation challenge, featuring eight rounds of competition, with the final winners receiving a range of prizes.

“We’re delighted to see such a strong result following the rollout of local policy. With nearly 400,000 Australian households now installing batteries, Fox ESS has played a key role, but this is only the beginning. We’re committed to keeping momentum and helping make a smarter, more reliable energy future a reality for more homes.” said Brooks Richard Geng, APAC & Middle East Managing Director, Fox ESS.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fox-ess-celebrates-strong-momentum-with-integrated-solar-storage–charging-solutions-at-smart-energy-2026-302767429.html

SOURCE Fox ESS

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TELUS announces election of directors

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VANCOUVER, BC, May 8, 2026 /CNW/ – TELUS Corporation (TELUS) (TSX: T) (NYSE: TU) announced today that the nominees listed in TELUS’ 2026 information circular were elected as directors of TELUS. The detailed results of the vote for the election of directors held at TELUS’ annual meeting on May 8, 2026 (the Meeting) are set out below.

Each of the following 14 nominees proposed by management was elected as a director of TELUS:

Nominee

Votes For  

% Votes For  

Votes Withheld  

% Votes Withheld 

Raymond T. Chan

592,322,965

97.91

12,667,245

2.09

Hazel Claxton

599,400,953

99.08

5,589,256

0.92

Lisa De Wilde

583,361,107

96.42

21,629,103

3.58

Victor Dodig

593,352,117

98.08

11,638,092

1.92

Darren Entwistle

586,791,970

96.99

18,198,239

3.01

Thomas Flynn

596,684,564

98.63

8,305,646

1.37

Mary Jo Haddad

577,841,419

95.51

27,148,791

4.49

Martha Hall Findlay     

595,075,545

98.36

9,914,665

1.64

Christine Magee

597,282,615

98.73

7,707,595

1.27

John Manley

579,845,538

95.84

25,144,672

4.16

David Mowat

592,867,380

98.00

12,122,830

2.00

Marc Parent

577,961,748

95.53

27,028,461

4.47

Denise Pickett

596,211,746

98.55

8,778,464

1.45

W. Sean Willy

595,898,668

98.50

9,091,541

1.50

Final voting results on all matters voted on at the Meeting will be published shortly on telus.com/agm, and filed with the Canadian and U.S. securities regulators.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 21 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com or follow @Darren_Entwistle on Instagram.

For more information, please contact:

Jacinthe Beaulieu
TELUS Media Relations
Jacinthe.Beaulieu@telus.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/telus-announces-election-of-directors-302767404.html

SOURCE TELUS Communications Inc.

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CTK BIO SELECTED TO PARTICIPATE IN NGEN’S $62.7M ADVANCED MANUFACTURING INITIATIVE

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VANCOUVER, BC, May 8, 2026 /CNW/ – CTK Bio Canada today announced its selection as a participant in a Next Generation Manufacturing Canada (NGen)-supported advanced manufacturing project, part of a $62.7 million national initiative backing 14 high-impact projects across Canada.

The initiative, recently announced by NGen, represents one of Canada’s most significant investments in advanced manufacturing, supporting collaborations between leading industry and technology partners to accelerate commercialization and strengthen global competitiveness. NGen’s project selection process is highly competitive, prioritizing initiatives with strong technical innovation, commercialization potential, and industry impact.

CTK Bio will contribute to the project titled “Streamlining Cosmetics Packaging with AI Powered Materials Informatics,” which uses artificial intelligence to guide the formulation and validation of packaging materials, ensuring compatibility with cosmetic products while meeting performance and regulatory requirements.

ADVANCING AI-DRIVEN MATERIALS INNOVATION
Through this project, CTK Bio is advancing an AI-powered materials informatics approach that improves how packaging materials are formulated, validated, and scaled for cosmetic applications.

By shifting from traditional trial-and-error methods to predictive, data-driven formulation, CTK Bio aims to:

Increase the success rate of new material developmentReduce formulation and validation timelinesLower development costsAccelerate commercialization of innovative and sustainable packaging solutions

EXECUTIVE COMMENTARY
JK Park, CEO
“This project unlocks synergies between CTK Bio and CTK Clip, where we already have an established global presence in the cosmetics market. By combining advanced materials innovation with existing market access, we can accelerate the commercialization of next-generation packaging solutions.”

ABOUT CTK BIO
CTK Bio Canada is focused on advancing next-generation biomaterials and manufacturing technologies, developing innovative solutions that enable more efficient, sustainable, and scalable production across global industries.

ABOUT NGEN
Next Generation Manufacturing Canada (NGen) is the industry-led organization spearheading Canada’s Global Innovation Cluster for Advanced Manufacturing. NGen brings together industry, academia, and technology partners to drive innovation, accelerate commercialization, and enhance Canada’s global competitiveness.

SOCIAL MEDIA ACCOUNTS:
Instagram: https://www.instagram.com/ctkbiocanada
Facebook: https://www.facebook.com/ctkbiocanada
LinkedIn: https://www.linkedin.com/company/ctk-bio-canada

For more information, visit www.ctkbio.com or call (604) 372-4200.

SOURCE CTK Bio

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