Real Estate Industry Braces for Commission Overhaul

The National Association of Realtors' recent settlement with homebuyers is causing anxiety among real estate professionals, who predict lower pay, intense competition, and a potential exodus of realtors. The settlement could lower commissions for brokers and change how real estate professionals get paid, leading to uncertainty and concern about the future of their livelihoods. While some see potential benefits, such as reduced home prices, others worry about added expenses for buyers and increased competition. The new rules may also shift the dynamics of the real estate market and lead to significant changes in how agents operate.