The age of the real estate agent could be close to over. After a massive lawsuit was filed against the NAR (National Association of Realtors), jurors found the association guilty of arbitrarily setting high agent commissions and forcing sellers to pay their fees. This verdict could mean the end of buyer’s agents as we know it, but something even more scary could form as a result. What does this mean for the future of the real estate market?
This realtor commission lawsuit SOUNDS like good news for sellers, but it could cause a serious headache for buyers. If you’re about to buy your first home or investment property, this verdict will DIRECTLY affect you. Stick around; Christian and David will give their take!
00:00 The HUGE Agent Commission Lawsuit 01:23 Sponsor: Aven! 02:25 NAR Found GUILTY! 04:57 Real Estate Agent Commissions Explained 10:04 The End of Buyer's Agents? 13:04 Why Commissions Are High 15:50 A Scary Future for Real Estate