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The National Association of Realtors faces scrutiny after a $418 million settlement, impacting the real estate industry. Innovators aim to change the traditional commission model, allowing homebuyers to decide agent payments and closing costs. Analysts predict a shift favoring sellers over buyers, with potential economic implications.
American consumers pay around $100 billion in real estate commissions each year. @econ_harris and Liam Marshall discuss how a new settlement reached by the National Association of Realtors may affect the U.S. economy. https://t.co/BOOXAMIIBq
In Fortune Magazine, National Association of REALTORS®' REALTOR® Party Community Engagement Liaison addresses the misinformation surrounding NAR’s recent settlement and reiterates the value real estate professionals provide to consumers. https://t.co/VszQTAeYCw
THE HOUSING MARKET IS SET TO GET EVEN BETTER FOR SELLERS AND EVEN WORSE FOR BUYERS (Fortune) Abombshell hit the real estate industry with the National Association of Realtors’ recent $418 million settlement. The size of the crater is still taking shape. Some analysts have… https://t.co/BIjtysMkTs
