What a judgment in a real estate lawsuit means for realtors
to avoid fees for their services, which could create a "more chaotic market."' This change could significantly affect realtors and real estate agents, as well as home buyers and sellers.
The decision could also cause up to 80 percent of the total number of real estate agents in the U.S. to be reduced, changing a real estate industry that is currently largely controlled by women and plagued by low and unpredictable earnings.
Some realtors believe the decision will lead to better transparency when dealing with clients.
The bottom line is that''s decision could lead to lower commissions for realtors, lower real estate prices and changes in the way buyers and agents interact. However, as in every industry, it is impossible to predict the exact effects of changes in the real estate industry.
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