Podcast: The Realtors Settlement and a Big Win in the Supreme Court

Housing Developments welcomes back NAHB legal expert Tom Ward, who accurately predicted the outcome of a huge decision by the U.S. Supreme Court in a case on local impact fees in housing development. Ward will explain the affect of the ruling. Also, what can builders expect in the wake of a large settlement by the National Association of Realtors over the group's commission structure? NAHB is hosting a free online discussion about it on April 30. More info: www.nahb.org/b....

[@maysplays]

Tom got one main point totally wrong, starting around the 8 minute mark. NAR never required Seller's agent to pay the Buyer's agent. That is, and always was, totally negotiable and up to the listing broker's company policy whether they wanted to offer a cooperating broker compensation.