Is the real estate industry about to fundamentally shift?
The internet changed nearly everything about real estate. Now buyers can see all the listings, everywhere; they can learn the price histories and estimated values of houses they look at, and can see the minute details of those houses before ever visiting them or retaining an agent. But one thing never did change: they still can't easily see an agent's commission.
But a settled lawsuit in the United States and two more in the courts in Canada are preparing to change that and then we'll learn just how much of the market this simple but incredibly opaque part of the industry influences the whole…
The skinny
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