NAR settlement

Discussion in 'Wall St. News' started by Pekelo, Mar 16, 2024.

  1. Pekelo

    Pekelo

    https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html

    "By some estimates, real estate commissions are expected to fall 25% to 50%, according to TD Cowen Insights. This will open up opportunities for alternative models of selling real estate that already exist but don’t have much market share, including flat-fee and discount brokerages.

    Shares of real estate firms Zillow and Compass both fell by more than 13% Friday as investors feared that lower commission rates for agents could lead to less business for real estate platforms."
     
    DaveN likes this.