Realtors Face New Rules
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•Biggest shakeup in a century set to hit real estate agents this week: Here’s how they’re preparing | CNN Business
71% Informative
Starting August 17 , new rules will change the way Realtors get paid to help people buy and sell their homes.
The changes are part of a $418 million settlement announced in March by the powerful trade group.
Some predict the rules will pave the way for new business models, like flat-fee and discount brokerages.
Many Realtors who spoke to CNN said they believe the new set of rules will reward more experienced agents.
Younger agents say age won't be a factor in the industry, but younger agents are more likely to leave the industry.
Flyhomes operates as a traditional real estate brokerage, but earlier this summer , launched an AI chatbot.
VR Score
78
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80
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62
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