$Opendoor Technologies (OPEN.US)$ “The National Association ...
“The National Association of Realtors will pay $418 million in compensation and will amend several rules that housing experts say will reduce housing costs.
4 ways a settlement can change the real estate industry:
Under the settlement, NAR will pay $418 million in damages, but more importantly, it agreed to rewrite some rules that have long been critical to the US real estate industry.”
4 ways a settlement can change the real estate industry:
Under the settlement, NAR will pay $418 million in damages, but more importantly, it agreed to rewrite some rules that have long been critical to the US real estate industry.”
This controversy has been around for a long time. It's almost over now. Real estate companies' commissions have been reduced, which is bad for real estate companies. However, with reduced commissions, it may be easier for consumers to buy and sell properties. If trading volume increases and small profits are sold more, some of the negative effects of lower commissions may be offset. Unlike ordinary real estate companies, Opendoor has buying and selling. If the seller doesn't have to bear or reduce the buyer's brokerage fees, it may be beneficial to Opendoor to a certain extent. As long as the company doesn't go bankrupt, interest rate cuts are imminent. This is probably all the darkness before dawn.
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