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Broker Commissions And The Law of Unintended Consequences

Broker Commissions And The Law of Unintended Consequences

Released Monday, 8th April 2024
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Broker Commissions And The Law of Unintended Consequences

Broker Commissions And The Law of Unintended Consequences

Broker Commissions And The Law of Unintended Consequences

Broker Commissions And The Law of Unintended Consequences

Monday, 8th April 2024
Good episode? Give it some love!
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The National Association of Realtors settled a class action lawsuit recently (following a $1.8 billion jury award in Missouri) and now the real estate commission of 6% that is baked into a standard single-family home transaction is changing to where the buyer no longer has to pay a commission. Good news for the consumer, right? Wrong. This perversion of justice is about to have massive consequences for all the celebrating folks that think this will lower the cost of home ownership. And it will also have extremely positive results for mobile home parks. 

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