NAR Settlement Receives Preliminary Approval and New Timeline
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- Опубліковано 1 тра 2024
- www.thepaperlessagent.com
On April 24th, the judge in the Sitzer Burnett class action lawsuit granted preliminary approval of the settlement put forth by the National Association of Realtors. Now the settlement will move towards final approval, with the court holding a final approval hearing for the end of November.
However, the changes put forth in the settlement are set to go into effect before final approval. What does that mean? When are changes coming? And when do you need to be prepared?
We break it all down in this episode of the Chris and Garry Show!
Weekly training and updates at:
www.thepaperlessagent.com/week...
Happened because this is a total money play, nothing else. Lawyers chasing a successful industry
Buyers are already shifting. Buyers will pursue a Real Estate Atty to represent them vs a 60 hr "trained" buyer agent.
The only winners are the lawyers...no wonder people hate these creeps.
How is this exciting?
i don"t think we should have MLS anymore, everyone should be able to advertise whatever they want to pay anyone and should be able to pay 6% 10% 20% zero % or 1% or anything to sell their property. secondly if their is no MLS, zillow and everyone in the game can fight for ads on their platforms, and buyer agent can ask the seller or buyer for whatever percentage they want could be 25% who cares, none of them will have full power and agents value is to have off market or can just find you a home....and to the seller the buyer agent is huge value because he/she has the buyer, agents should dump the mls period
It's going back to the way it was before the 1990's.DOJ has been watching what youtube real estate agents and mortgage lenders have been saying. Listing agents will have to start selling there own listings and only getting one side of the commissions. Sellers never needed to pay 2 agents to sell there home.