The National Association of Realtors agreed to pay $480 million because some claimed that home sellers were unknowingly paying commissions for buyers' agents. A real estate expert argues that sellers are not paying extra because the commission fee is negotiated between the seller and their agent. However, eliminating the sharing of commissions may reduce buyer representation and discourage agents from providing essential services. This settlement could harm first-time home buyers who rely on guidance and advocacy from their agents during complex real estate transactions.
Furniture manufacturing has shifted towards prioritizing lower cost over quality, leading to a decline in durability. The use of composite materials like plywood and MDF, as well as flat-pack designs, has compromised repairability and shortened the lifespan of furniture. Despite rising demand during the pandemic, furniture prices have not increased significantly, but consumers are more inclined to choose affordable pieces despite their lower quality. Nevertheless, experts emphasize the importance of researching and inspecting furniture to find pieces that offer value and durability.
