Lawrence Yun

We are in the very first innings. There will be a lot of trial and errors and there will be a lot of new companies trying to see what type of new model will best fit under the new rules. We don't know what the numbers are. NAR never collects data on the commission rate, and the reasoning for that is that we don't want to set a focus point.

We are in the very first innings. There will be a lot of trial and errors and there will be a lot of new companies trying to see what type of new model will best fit under the new rules. We don't know what the numbers are. NAR never collects data on the commission rate, and the reasoning for that is that we don't want to set a focus point.

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.

And maybe part of this settlement, maybe there's broader knowledge that people can negotiate. As we know, there are many consumer habits. It is based out of inertia. But with more publicity, maybe people will ask more questions. And those are all good. More competition, more consumer awareness, all positive.

And maybe part of this settlement, maybe there's broader knowledge that people can negotiate. As we know, there are many consumer habits. It is based out of inertia. But with more publicity, maybe people will ask more questions. And those are all good. More competition, more consumer awareness, all positive.

And maybe part of this settlement, maybe there's broader knowledge that people can negotiate. As we know, there are many consumer habits. It is based out of inertia. But with more publicity, maybe people will ask more questions. And those are all good. More competition, more consumer awareness, all positive.

When people look at the realtor profession, sometimes people think, well, maybe it's like teachers, you know, all the realtors get similar pay. But it's not. It's an entrepreneurial business. It's like a restaurant business. Some restaurants are thriving year after year. Some realtors are thriving year after year. And then other restaurants are fairly new.

When people look at the realtor profession, sometimes people think, well, maybe it's like teachers, you know, all the realtors get similar pay. But it's not. It's an entrepreneurial business. It's like a restaurant business. Some restaurants are thriving year after year. Some realtors are thriving year after year. And then other restaurants are fairly new.

When people look at the realtor profession, sometimes people think, well, maybe it's like teachers, you know, all the realtors get similar pay. But it's not. It's an entrepreneurial business. It's like a restaurant business. Some restaurants are thriving year after year. Some realtors are thriving year after year. And then other restaurants are fairly new.