The real-estate revolution
The Rules For Real Estate Have Changed. Here's How You Can Profit From The Upheaval
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 β that it doesn't cost a buyer anything to hire an agent and that you need one to secure your dream home β 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.