Thank you for the 2023 reduction of agency fees in many cities, and the cost of buying a house has plummeted by 50%!The fee standard and charging model of the real estate agency industry are about to change significantly.
Recently, the Guangzhou Municipal Bureau of Housing and Urban-Rural Development and the Guangzhou Municipal Administration for Market Regulation issued the implementation opinions on standardizing real estate brokerage services, requiring the real estate Internet platform not to force the real estate brokerage institutions to join the platform to implement a unified brokerage service fee standard, and shall not interfere with the real estate intermediary agencies' independent determination of the fee standard.
The introduction of this policy is undoubtedly a major reshuffle of the real estate agency industry. In addition to Guangzhou, Xi'an and other cities have also adjusted the charging standards and charging models of the real estate intermediary industry. Agents in Xi'an said they had started implementing the new fee standard, which would be $1 each for clients and property owners5% brokerage fee. This new policy is undoubtedly good news for home buyers, as it means that their agency fee costs will be significantly reduced.
This policy adjustment will help standardize the real estate brokerage service market, reduce the cost of buying a house, and improve market efficiency. Let's hope that this reform will lead to a fairer and more transparent real estate market.