Just over a week ago, the National Association of Realtors got hit hard, offering a settlement for $418 Million and end the 6% almost mandatory commission structure that has been around since the 90’s. Being affected by this, are Zillow, Redfin, and other sites that make money by connecting agents to customers. The expected impact is that real estate agents will spend less on these products, and in turn, the websites won’t be able to make as much. Zillow says that they have been preparing and pivoting into new directions like home loans, new ad variants, and custom software for the real estate market. That kind of agile attitude is what keeps some companies strong, and leaves others in the past.

Shares of Zillow have dropped nearly 20% since Thursday as investors feared that lower commission rates for agents could lead to less business for the real estate platform.

Found at www.cnn.com