NAR Commissions - the eventual winner is not the buyer/seller.
Come on people, lets play 3 dimensional checkers:
The ruling has nothing to do with realtors as you all are describing, the suit is the attempt of the digital community to break the MLS realtor commission agreements to allow digital platforms to compete on an equal footing with the MLS, including commissions, or to take over the advertisement / sales process. They are looking to disrupt the MLS and get the sales commission money as well as the advertising dollars.
Zillow / Redfin are mostl advertising platforms, and they want to become the MLS / realtor platform replacement. I worked with a computer programmer in the mid 90's trying to develop an internet zillow platform, just the same but he was way ahead of his time This digital attempt is no different than digital banks trying to break the traditional banks from sole ownership of the money. similar to bitcoin trying to break the central bank's monopoly on money. Turbotax did that with CPAS, now CPAs don't even want to do individual taxes, except some of the older folks. The younger CPAs want the corporate jobs. The first step of the digital community is break the commission richness down into chaos, and turn the realtor sales process into commodity status. . . from there they have a chance to disrupt the currently very rich person to person realtor process with their digital solutions.
Digital disruption is all about technology replacing the human processes, and grabbing their money as well. Its what i have done with programming as well to replace humans in the corporate world doing financial reporting. This NAR agreement is just another attempt to go after what the technologists think they can grab and control.
Wake up people, its about eliminating realtors completely and then paying technology software fees.
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