Nicole Friedman

You know, I need to be in the know.

I think one thing this story says to me is that big companies are getting more power in the real estate industry.

And we're seeing that scale matters, that the more…

listings a brokerage has, the more power it has right now.

And that brokerages are starting to use that power to try to keep their listings in-house and to try to build that advantage.

And so that means that probably we're going to see more consolidation.

And so that means that consumers might have fewer options for brokerages that they can work with.

And that these brokerages might have more ability to kind of control the process for consumers.