The National Association of Realtors agreed to end the standard 6% commission, potentially affecting major businesses like Zillow, Redfin, and Opendoor and impacting housing industry.
The National Association of Realtors agreed to end the standard 6% commission for Realtors, which could result in cheaper commissions for home sellers and buyers. This change may impact major real estate businesses like Zillow, Redfin, and Opendoor. Zillow's stock dropped nearly 13% after the $418 million settlement, indicating investors' fears of seismic effects on the housing industry.
March 19, 2024
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