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Real Estate
Reply to "Lawsuits against real-estate agents may reshape how we buy, sell homes"
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[quote=Anonymous]Anyone else watching this? What do you think it will mean for home sales in this area if the plaintiffs win? https://www.businessinsider.com/real-estate-agents-lawsuits-buy-sell-homes-forever-housing-market-2023-6?amp [quote]if the plaintiffs succeed, they could rewrite the rules of how agents get paid. The seller might no longer pay out both agents' commissions after the sale closes. Instead, a buyer would pay their agent directly. Proponents say these changes would increase competition among agents, dramatically lower commissions, and potentially save consumers as much as $20 billion to $30 billion a year. The defendants, led by the NAR, argue that the current setup actually favors consumers by providing broad access to an efficient real-estate market. [/quote][/quote]
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