Make Me Smart
How small acts can create global change
Nov 27, 2024
Explore how small acts of kindness can create monumental changes in society. A firsthand account from a journalist sheds light on the harsh realities of homelessness. Delve into the legal challenges faced by the National Association of Realtors regarding commission transparency. Learn about France's innovative solar energy initiative transforming parking lots into sustainable power sources. Celebrate the essence of gratitude and its impact on fostering connections and driving social change.
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Quick takeaways
- Small acts of kindness and connection can collectively lead to significant global change, fostering understanding and combating feelings of hopelessness.
- The ongoing scrutiny by the Justice Department regarding the real estate commission settlement raises concerns about competition and its future implications for the industry.
Deep dives
Changes in Real Estate Commission Structures
A significant legal settlement involving the National Association of Realtors has resulted in changes to commission structures within the real estate industry. Traditionally, home sellers would cover the commissions for both their own and the buyer's agents, typically amounting to about 5% to 6%. The settlement enforces new rules, prohibiting listing agents from posting compensation offers on the MLS and mandating that homebuyers sign agreements with their agents before touring properties. The Department of Justice has raised concerns that the requirement for signed agreements could limit competition among brokers, leading to uncertainties about the future impact on the industry.
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