Morning Brew Daily The End of 6% Real Estate Commissions? & Uber and Lyft Are Out in Minneapolis
4 snips
Mar 18, 2024 A groundbreaking settlement could reshape real estate commissions, shifting how buyers and sellers interact with agents. Uber and Lyft are pulling out of Minneapolis due to new minimum wage laws, highlighting a clash between worker rights and corporate interests. Meanwhile, a tech mogul faces fraud charges tied to HP's troubled acquisition of Autonomy. The guys also celebrate weekend wins and ponder why Trader Joe's tote bags are fetching high prices in today’s trend-driven market!
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Weekend Roses
- Toby Howe ran the NYC Half Marathon, finishing 1,650th out of 27,000 runners.
- Neal Freiman saw a play starring Michael Imperioli and Jeremy Strong.
Real Estate Commission Shakeup
- The National Association of Realtors (NAR) settled lawsuits, agreeing to decouple commission fees for buyer and seller agents.
- This change could save Americans money but may also significantly impact real estate agents.
A La Carte Real Estate Services
- Buyers will now directly negotiate with their agents, potentially leading to more a la carte services.
- This shift will likely introduce more market forces into real estate agent compensation.
