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Real Estate
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[quote=Anonymous]This seems to be great news for listing agents who get a ton of listings, good news for sellers who can pocket more profit, neutral on home prices, and severely negative on buyers who lost the free service paid from sellers pocket. Now buyers are going to have to pay their own (usually low value) agent or, even worse, be squeezed by the listing agent to pay them to write an offer. Listing agents are no longer incentivized to rep both sides. They’ll require an upfront contract from any unrepresented buyers. The old system sucked, but the new one just means closing costs went up for buyers. The cabal still exists, which always was made up of the small percentage of agents who get the vast majority of listings. There will be fewer agents, but the ones that go away never had market power to begin with.[/quote]
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