
Recent developments in the real estate industry highlight a shift towards more restrictive practices in the homebuying process. A new broker agreement mandate requires all buyers to sign with a broker before viewing homes, potentially impacting buyer freedom and market dynamics. Industry experts, including Errol Samuelson and Filippo Incorvaia, have expressed concerns about these changes, emphasizing the need for buyer agents to adapt and advocate effectively amidst these shifts. Additionally, the National Association of Realtors faces a lawsuit that could end the requirement for seller's agents to offer commissions to buyer's agents, further complicating the landscape. These changes come amid broader industry challenges, including a noted increase in market share focus and double-sided deals by major brokerage firms, as well as legal pressures such as 20+ class action lawsuits, antitrust interventions by the DOJ, and an anticipated reset of the real estate ecosystem by AI and a mass exodus from the state.
Very soon, perhaps by the Fall, seller’s agents won’t be required to offer commissions to buyers’ agents. We asked our team of Realtors their thoughts on the National Association of Realtors lawsuit and how it could impact you -- the buyer or seller. https://t.co/dxVJ1Gs2ua
There's a new step in the homebuying process, as of today. All buyers will have to sign a broker agreement before going out to look at homes. Will that intimidate them or what? I asked around and here's what I heard. https://t.co/IvJOTbxdWu
20+ class action lawsuits, anti-trust intervention by DOJ & AI will reset real estate ecosystem over next 5 yrs as will mass exodus from the state Need to address in housing plans #RECALL can bring expertise & consumer perspective to #ProtectHomebuyers END #InventoryGate? DM https://t.co/tpWca92Fds
