a combined sum totaling nearly $700 million to settle allegations the groups were conspiring to keep commissions higher. There are now) was one of the firms involved in the settlement, agreeing to pay $57.5 million. The firm's founder and CEO Robert Reffkin brushes off concerns that the settlement will completely change the industry."I think the headlines have been much more dramatic than the details of the actual requirements," Reffkin tells Yahoo Finance.
And so as someone who runs a company that this is going to affect, but it's an uncertain outcome. How do you plan for this? What do you think is going to happen?Yeah, look, I think the headlines have been much more dramatic than the details of the actual requirements. There are headlines that say NAR eliminates the 6% commission. NAR is even govern commissions. And so there are two changes, only two. I think they're fair.
But I think to your point, if you're an agent and you think that your services are worth more than others, yeah, I think this gives you an opportunity to say, I think I'm worth more and my services costs 3 plus percent. Dave Ramsey predicts what's in store for the housing market again after saying he got it right 2 years agoDETROIT -Henry Ford democratized car ownership with his ultra-cheap, mass-produced Model T, and Elon Musk once promised to do the same for electric cars with a Tesla that could sell for $25,000. Now, sources have told Reuters Musk is putting aside the idea of bargain-priced Tesla for the masses in favor of self-driving robo-taxis. Musk replied via a post on his X.
GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in one of China’s major industrial and export hubs, she raised what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials.
“I have the degree, no criminal records, work experience, references, a tailored résumé,” 22-year-old Hunter Howell said. “It is so baffling. It's a mystery.”“Tax preparers must work ethically and abide by federal law, or face consequences from the IRS for intentionally making false statements,” the federal prosecutor said.
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