Posted 3/24/2024, 1:00:43 PM
Real Estate Industry Shakeup Could Lower Commissions and Benefit Homebuyers
- Change to real estate commission structure shakes up industry, seen as win for consumers and homebuilders
- Settlements with Compass and National Association of Realtors aim to increase transparency and lower costs
- Shift could slash total real estate commission pool from $100B to $70B
- Analysts say change is "major boost" to homebuilder margins and disproportionately benefits large builders
- Risks downside for real estate platforms like Zillow, Redfin, and Compass that rely heavily on buyer agent commissions