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Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.
Persons: Austin Whitt, Whitt, , I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia
Disney's strong asset portfolio could aid the transition to streaming, according to Raymond James. The firm initiated coverage of Disney stock on Sunday with an outperform rating accompanied by a $97 per share price target. Disney stock has slipped 1.5% from the start of the year. DIS YTD mountain Disney stock has declined 1.5% from the start of 2023. "Media companies are grappling with the transition from the profitable but declining Linear TV to the mostly unprofitable (as of now) but growing Streaming business," Pretiss says.
Persons: Raymond James, Ric Prentiss, Pretiss, — CNBC's Michael Bloom Organizations: Disney, DIS, Media, Marvel, Star Wars, Hulu, Comcast
Raymond James sees big gains ahead for satellite services company EchoStar . He set a base case price target of $28, which implies more than 44% upside from Friday's close. S-band refers to a frequency level critical to radars and satellite communication, used by shipping, aviation and space industries. EchoStar has S-band holdings worldwide that could generate significant revenue starting 2027, according to Prentiss. The analyst also set a bull case price target of $46, suggesting shares could rally up to 137% in an optimistic S-band expansion scenario.
Persons: Raymond James, Ric Prentiss, Prentiss, , Michael Bloom Organizations: U.S . Locations: Prentiss
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