Legal And Regulatory RisksThe DOJ recommended forbidding any offer of compensation to buyer agents through the MLS, which could materially reduce commissions for buyer agents and force a pivot in business strategy.
Market DynamicsShifting the burden of payment to buyers for agent commissions could reduce the use of agents as most buyers already struggle to cover the costs associated with purchasing a home.
Regulatory ChangesAs the new NAR rules open the door to negotiating buyer-agent commissions, there is an expectation of some downward pressure on commission rates.