A potential shift in the real estate industry could lead to brokerages struggling to remain profitable if they do not adapt to operational changes in response to the NAR settlement, which may result in lower agent commissions. Failure to make necessary adjustments could have significant implications for the majority of brokerages, impacting their financial viability in a changing market landscape.
Key points:
– Brokerages face potential profitability challenges if they do not implement operational changes.
– NAR settlement may lead to lower agent commissions, impacting brokerage revenue.
– Adaptation to changing market conditions is crucial for brokerages to remain competitive and sustainable in the industry.
You can read this full article at: https://www.housingwire.com/articles/nearly-80-of-brokerages-wont-be-profitable-with-lower-agent-commissions-accounttech/(subscription required)
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