No, the NAR Real Estate Settlement Probably Won't Drive Down Home Prices. Here's Why [CNET News]
LendingTree, Inc. (TREE)
Last lendingtree, inc. earnings: 2/25 07:00 am
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Source: CNET News
A landmark settlement with the National Association of Realtors rattled the real estate industry earlier this month. If approved by a federal court, it could alter how homes are bought and sold in one of the most unaffordable housing markets in decades. Will the NAR settlement significantly impact consumers' pocketbooks? Although the decision has been widely touted as a game-changer for home costs , it's sparked more confusion than clarity. “It's too early to tell how this might affect the housing market in the long term, but we don't expect any immediate impact on home prices,” said a spokesperson for Zillow. In the settlement, NAR will pay $418 million to resolve a class-action lawsuit accusing the real estate giant of inflating sales commissions and fees. New rules could alter a longstanding business model in which the home seller pays a commission to their agent as well as the buyer's agent. The high sales commission customarily paid to agents -- often 5% to 6%-- isn't wh
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TREE
Earnings
- 2/27/24 - Beat
TREE
Sec Filings
- 4/26/24 - Form S-3
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- TREE's page on the SEC website