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Jason Oppenheim warns of an ‘armageddon’ in the real estate industry
The genuine estate field could soon be upended, suggests star broker Jason Oppenheim. Oppenheim – who prospects a workforce of glamorous brokers on Netflix (NFLX) reality series “Promoting Sunset” – lately sat down with Yahoo Finance to talk about the latest state of the U.S. genuine estate current market. Throughout the far-ranging conversation, he warned that the industry’s fee composition could shortly adjust permanently. “To be specific about actual estate brokers, we’ve got federal regulators and a couple of lawsuits coming down the pipeline that at worst scenario could be an armageddon for genuine estate agents,” he mentioned. “You may possibly see regulators uncouple the commission framework where the seller…