> I don't see how this ruling is going to affect home buyers, or sellers in the near future.
That seems obvious...?
Either the prices will drop, which benefits buyers (and, to some extent, increases the liquidity in the entire market), or they will not, which means the sellers get to keep more of the value of the home they sold (even if it's with the assistance of a seller's agent, it's still their home).
> I'm also troubled by what the Wall Street Journal claims is that this might push a lot of young realtors out of the career field.
The WSJ has a very strong incentive to side with the entrenched wealthy interests here, and paint this as a bad thing.
Frankly, any realtor this pushes out of the field was likely only in it in the first place because they thought it would be easy money.
> Overall, I'm still unclear exactly how this is going to help anyone.
That also seems obvious: home buyers and sellers will get the same agents as before (because it's not like the entire industry is going to dry up and blow away overnight, or be entirely replaced with worse agents), and have to pay less for the privilege of having access to the MLS (plus the other small services an agent offers).
> I think regardless there will still be plenty of realtors doing business, and they will still make bank.
This seems to completely contradict your previous statement about people who want an agent.
That seems obvious...?
Either the prices will drop, which benefits buyers (and, to some extent, increases the liquidity in the entire market), or they will not, which means the sellers get to keep more of the value of the home they sold (even if it's with the assistance of a seller's agent, it's still their home).
> I'm also troubled by what the Wall Street Journal claims is that this might push a lot of young realtors out of the career field.
The WSJ has a very strong incentive to side with the entrenched wealthy interests here, and paint this as a bad thing.
Frankly, any realtor this pushes out of the field was likely only in it in the first place because they thought it would be easy money.
> Overall, I'm still unclear exactly how this is going to help anyone.
That also seems obvious: home buyers and sellers will get the same agents as before (because it's not like the entire industry is going to dry up and blow away overnight, or be entirely replaced with worse agents), and have to pay less for the privilege of having access to the MLS (plus the other small services an agent offers).
> I think regardless there will still be plenty of realtors doing business, and they will still make bank.
This seems to completely contradict your previous statement about people who want an agent.