Real Estate Just Changed Forever..

Summary

Sean Rakidzich discusses how a legal settlement regarding real estate commissions, specifically the historical 6% commission standard, impacts the housing market for realtors and possibly, Airbnb hosts. The National Association of Realtors has agreed to pay $418M in damages to settle antitrust lawsuits over broker commissions, and the settlement bans NAR from making any set rules related to compensation of the seller's agent.