There’s some subtext that I think most commentators are missing. NAR and some of the major brokerages have been under intense anti-trust legal pressure this yea

There’s some subtext that I think most commentators are missing. NAR and some of the major brokerages have been under intense anti-trust legal pressure this year. By all measures it seems that these lawsuits are working. REMAX just settled one of these lawsuits to the tune of ~50 million and has promised to change their business practices, potentially including dropping the requirement that REMAX brokerages must be members of the NAR [1]. Let me be clear. Redfin is only breaking ties now because the NAR is fatally wounded. Redfin now thinks they can scoop up a lot of market share in the chaos that is going to happen in the next year. They’re not doing this for altruistic reasons. [1] https://www.housingwire.com/articles/re-max-settles-buyer-broker-commission-lawsuits-for-55-million/ https://www.housingwire.com/articles/re-max-settles-buyer-br...