The NAR Lawsuit: What Every Real Estate Agent Should Know

Join us for a deep dive into the recent National Association of Realtors settlement and its impact on buyer and seller agent compensation in home sales. Learn about the legal implications, negotiation changes, and MLS adjustments directly from industry experts. Subscribe for insightful discussions and stay ahead of the game in residential real estate!

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#narlawsuit #realtors #lawsuit
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[jimdoak]

So if I understand this correctly.
1. NAR required all Realtors to be NAR members in order for Realtors to have access to MLS.
2. NAR requires all Realtors to pay annual NAR dues.
3. NAR required that all Realtors abide by NAR’s MLS rules which forced Realtors to violate Federal anti-trust laws.
4. So, unless I'm missing something, either NAR is guilty of forcing its members to break the law or NAR’s attorneys were too incompetent
to prove to a jury that Realtors' commissions are (and have always been) negotiable between Realtors and sellers.


As a result, all Realtors / NAR members are now going to be forced to pay $876 MILLION dollars in restitution; either because NAR’s attorneys were legally negligent in preventing NAR members from breaking the law, or NAR’s attorneys were too incompetent to represent NAR members in the class action law suit.

Before I send my annual check in for my NAR dues, I'd like to know which it is.

NAR negligence or NAR incompetence?

[NancyBova]

I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

[miltschneider]

Great presentation...Cody did an outstanding job!