The real-estate revolution
The Rules For Real Estate Have Changed. Here's How You Can Profit From The Upheaval
The National Association of Realtors' huge settlement will upend the housing market. It will also help homebuyers save thousands of dollars.
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The Lede
Thanks to a series of multibillion-dollar class-action lawsuits, the real-estate industry is in the throes of its biggest upheaval. Buying a home has never come with a handy road map. But one thing is clear: It's about to get a lot murkier. With that in mind, Business Insider's James Rodriguez has been asking experts how buyers can prepare for whatever world comes next.
Key Details
- The National Association of Realtors, recently negotiated a $418 million settlement with aggrieved home sellers who sued the organization over the commissions they'd paid to real-estate agents.
- The conventional wisdom — that it doesn't cost a buyer anything to hire an agent and that you need one to secure your dream home — is crumbling.
- This brave new world of homebuying won't guarantee easy wins for consumers. The path to homeownership is still lined with plenty of hazards.
