W
atch the conversation between Gary Acosta, CEO of NAHREP, and James Dwiggins, CEO of NextHome, as they discuss the NAR settlement and its impact on real estate. Acosta believes that while the settlement gives sellers more power, it comes at a significant cost to buyers.

    On this week's episode of Real Estate Insiders Unfiltered, Acosta shares his thoughts on the NAR settlement and its potential consequences for consumers. He argues that while the real estate industry has its flaws, it has been successful in promoting homeownership and serving a diverse range of homebuyers.

    The settlement, according to Acosta, represents a radical change to the traditional commission system, which he believes will disproportionately affect those who can least afford it. He believes that policymakers struggle to understand the negative implications of these changes because the idea of buyers paying for their agents seems reasonable at first glance.

    However, when you delve deeper into the details of how the business works, the argument that changes to commission practices benefit buyers becomes less convincing. Acosta argues that decoupling commissions will not necessarily lead to lower home prices or better negotiating power for buyers. In fact, he believes that first-time homebuyers will be the ones who suffer the most as a result of these changes.

    The views expressed in this podcast are those of the podcast creators and guests, and do not necessarily reflect the views of Real Estate News.