Previous Close | 5.22 |
Open | 5.25 |
Bid | 5.22 x 1100 |
Ask | 5.24 x 4000 |
Day's Range | 5.11 - 5.35 |
52 Week Range | 4.09 - 9.43 |
Volume | |
Avg. Volume | 1,016,106 |
Market Cap | 577.857M |
Beta (5Y Monthly) | 2.47 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.88 |
Earnings Date | May 01, 2024 - May 06, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Aug 20, 2019 |
1y Target Est | 6.75 |
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In the wake of the National Association of Realtors' (NAR) settlement agreement, paying $418 million over realtor commission practices, ResiClub Co-Founder and CEO Lance Lambert joins Yahoo Finance Live to discuss the implications this will have for the real estate industry. Lambert describes the settlement as "an earthquake" for the sector, explaining that in the traditional homebuying process, the seller paid a 6% commission which was then distributed to the agents involved. However, as a result of this lawsuit, Lambert believes the primary beneficiaries "might be sellers" who could potentially no longer have to cover agents' commission rates. Additionally, Lambert points out that this settlement exposes the "deterioration" of housing affordability, which has reached its worst level in the last four decades, forcing individuals into stressful situations. He argues that this stress is creating "public pushback" and highlighting the need for change within the industry. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
A landmark change in how real estate brokers are compensated could drive down the commissions homebuyers and sellers will have to pay in the future.
(Bloomberg) -- The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes.Most Read from BloombergApple Without AI Looks More Like Coca-Cola Than High-Growth TechUS Probing Indian Billionaire Gautam Adani and His Group Over Potential BriberyWhat Does the UAE Get for Its $35 Billion Investment in Egypt?Want to Be ‘Certified Crypto Expert?’ You Need 11 Hours and $229Two