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  • 1.  Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 11-02-2023 04:23 PM

    This week, a Federal jury found the National Association of Realtors responsible for controlling commission rates.

    Regardless of market conditions and more buyers without brokers, rates have stayed at 5%-6%.

    US jury finds realtors liable for inflating commissions, awards $1.78 bln damages | Reuters

    Will this decision have an impact on rate structures in the AEC industry?



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    Chad Morrison P.E., F.ASCE
    Professional Engineer
    Greenville RI
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  • 2.  RE: Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 27 days ago

    I've always wondered how and why real estate agents can get 5-6% of the sale price of a home every time the building is sold while carrying little to no liability, while the engineers who designed the property get only a fraction of that amount for their fees and yet they are liable for the performance of that building for the longest time! I believe structural engineers are responsible for the safety of more lives at any one time than physicians, so why can't structural engineers (and other engineers) adopt a subscription payment system on the buildings/structures they design if they are going to continue carrying the liability on those buildings? 



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    Abieyuwa (Abi) Aghayere Ph.D., M.ASCE
    Avondale PA
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  • 3.  RE: Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 21 days ago

    Civil engineers are neither compensated for what they do nor for the amount of rick they take.    



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    Aly Soliman R.Eng, M.ASCE
    President
    AFS Geo Consultants, LLC
    Springfield VA
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  • 4.  RE: Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 20 days ago

    I have always wondered the same. As an owner of a civil and surveying firm, our risk was high and liability essentially forever.  The land owner, developer, contractor, local approving agencies, realtors don't have that liability, and yet a realtor can make a lot of $ on one sale, not to mention resales like you said.  😡



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    R Scott Stanfield M.ASCE
    RETIRED
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  • 5.  RE: Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 20 days ago

    The ruling is a financial win for consumers. Being both a licensed real estate broker and a professional engineer, supporting negotiable real estate commissions will allow consumers to keep more of their home's value. It is early in the disruptive cycle to forecast the impacts that this will have on the AEC industry. 



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    Scott Tait P.E., M.ASCE
    Water Resources Project Manager
    Castle Rock CO
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  • 6.  RE: Jury Decision on Realtors - What does this mean for AEC industry?

    Posted 13 days ago

    I don't think it will have much if any impact to the AEC industry.  It's my understanding that NSPE has always stayed away from fee structuring for this precise reason. I remember this issue coming up in the 80's when I was starting my career.  It is nisapointing that it took this long to start to get this issue corrected.  



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    Robert Runge P.E., M.ASCE
    Springville NY
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