Transcripts for CNN CNN NewsNight With Abby Phillip 20240604

CNN CNN NewsNight With Abby Phillip June 4, 2024 02:38:00

to in terms of the effect on the housing market and consumer behavior. >> well, we've predicted for a long time that there was going to be a correction when it comes to commissions in some way, there it's one thing frankly, there are a lot of real estate professionals who are not that professional. there are a smaller percentage of people who are amazing and they're worth every dollar, you need somebody who's going to protected. this is the largest investment you're ever going to make. we have never had a problem whether it's something drew representatives on most of our purchases and sales. but also we've worked with other real estate professionals who i am okay. to pay a full rate of somebody who's are doing the work and discount brokers kinda came in years and years ago you didn't see that take over the whole market. you still saw people paint in larger commissions if they had a relationship that was worth it, most buyers they're not thinking about that 15 or $20,000 and they might have to pay a real estate agent for first-time homebuyers. is that a concern for you? >> it's gonna be a huge concern that's going to make it more difficult for a lot of people. and so bundling those fees into the purchase price actually made it more manageable, which is one thing

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