COMMISSION CONSEQUENCES

While the long-term impact of NAR’s agreement to end litigation brought on behalf of sellers, related to broker commissions, may take a while to become apparent, the immediate results were clear. On Friday, the day the agreement was announced, the stock price for RE/MAX declined 3.1%, for Redfin 4.9%, for Zillow 13%, for Compass 14.3%, and for Douglas Elliman 16.2%, suggesting that overall commissions and brokerage profits will be lessened.