ilmscore | Prediction Details
"people are not going to be coming out of pocket this amount it's either like Kathy said going to be baked in or if it does wind up that people start paying out of pocket I could almost guarantee it's not going to be 3% because that's just not an amount people are going to come out of pocket for there's going to be agents offering Cut Rate services or just trying to put do the volume play where they do a lot more houses at a cheaper price but I feel quite confident that you're not going to start seeing people writing checks to their agent for 3% of the purchase price that seems like probably the least likely outcome"
By BiggerPockets | July 19, 2024 | Pending
From video
Airbnb Bans Escalate, The Real Estate "Tsunami," and "Sinking" Cities 00:27:53 - 00:28:25
Interpreted Prediction
Homebuyers are highly unlikely to pay 3% of the purchase price directly out-of-pocket for agent commissions; instead, fees will be integrated into the home price or agents will offer reduced rates as a volume play.

Prediction Details

Topic
Real Estate Commission Payments (NAR Settlement)

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