How the cost of homebuying and selling will change after landmark court loss over real estate commissions
Publishing timestamp: 2023-11-08 07:26:38
Summary
The article discusses the recent $1.8 billion jury verdict against the National Association of Realtors and brokerage firms, which could lead to changes in the real estate industry. It highlights the potential impact on real estate commissions and the livelihood of agents, as well as the challenges in the housing market caused by rising interest rates and affordability issues. The article also mentions ongoing legal battles and potential policy changes that could affect real estate professionals.
Sentiment: MIXED
Keywords: new york city, re/max holdings inc, business news, residential real estate brokers, real estate, business, real estate brokers, small business, redfin corp, st louis, william h. gross, real estate services, compass inc, metals,