Chad Syverson, a professor of economics, discusses the looming challenges faced by realtors amid a pivotal legal settlement. Lawrence Yun, chief economist at the National Association of Realtors, provides insights into declining sales and rising mortgage rates. Kevin Sears, the 2024 NAR president, emphasizes the need for adapting commission structures. The conversation explores the potential obsolescence of realtors, drawing parallels with travel agents, and the implications for consumer trust and market dynamics as the real estate landscape evolves.
