When there’s more people who want to buy homes than there are homes for sale, the power dynamic is still in favor of the sellers. Sounds like this could potentially favor more experienced buyers/hedge funds over first-time home buyers. If sellers don’t want to cover fees for buyer’s agent, then that’s more a first time buyer would have to pay upfront.
Just check out the resumes of pretty much any astronaut. They’re all incredibly accomplished people, the selection process is so competitive