In case you missed it, the DOJ just pulled out of a settlement agreement they had entered with the NAR. The settlement agreement basically said NAR had to make some adjustments to their current practices around disclosures of buyer agent commissions.
With the DOJ withdrawing their settlement agreement, it looks lie they're going back after NAR.
A couple questions thoughts:
- does this mean DOJ will be looking to guide commissions lower?
- If so, what is the impact on companies like Redfin, Trulia, OpenDoor, etc?
- What impact would this have on the housing market?
- My thought is that reduced transaction costs always leads to higher volume but curious if that might be the wrong interpretation
What other impacts could this have on markets?
Submitted July 09, 2021 at 11:37AM by lasagnahog1 https://ift.tt/3yy7Fua
