This is big news. A seismic shift is underway.

This is big news. A seismic shift is underway.

https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

Curious to see if this truly does compress fees or not, it could theoretically make it more expensive

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Could be. The bank appraisers have the most influence on final price in most cases

Wouldn’t this kind of change incentivize realtor to appraise houses at a higher price though?

Agree with @fieldy , this doesn’t really mean much for the tristate area. Sellers negotiate down from the standard 6% to either 4%-2% already especially for homes that are close to $1 mill and for homes that sell fast. 

We’ll see in a few months what this really means, it’ll de-incentivize buyers agents fo show