181: Breaking... $418M Realtor lawsuit settlement & its impact on the 1st time homebuyer

I cover the impact of settlement where National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs. I cover this from the point of view of the first time home buyer and how it will impact them from a position of increased fees, a decrease in knowledge and why first time home buyer in low to moderate income communities will be the most impacted

 

Topic covered

 

01:43 NAR settlement case/verdict overview

02:38 How buyer’s agents are compensation

03:09 buyers agent agreement explained

04:35 Why the 1st time homebuyer is getting screwed

06:54 The impact of the settlement on home prices

07:47 what drives home prices

09:56 why sellers won’t lower prices due to NAR’s settlement

11:58 What if sellers lowered prices

15:02 Who doe FTHB turn to?

15:39 Winners

16:42 times have changed

17:10 future commission scenarios

19:32 Buyers at the lower end of the market being the most impacted

 

 

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