The Time to Take Action Is Now
The commission lawsuits have plunged the entire residential real estate industry into total chaos. Agents are in denial about what’s coming, but with NAR’s settlement agreement, in July of 2024, most MLSs in the country will no longer have a field for a buyer’s...The Pain of Changing Course
One of the most difficult decisions agents and brokers must make is determining what changes to implement in your business. For example, when you buy a new computer or get a new mobile device, you’re forced into dealing with all the changes in the new operating...Sitzer-Burnett Trial Wraps Up This Week—What’s Ahead?
This week the Burnett Sitzer trial wraps up. The litigation seeks damages because sellers were forced to pay a commission to buyer’s agents, even though those agents were representing the best interests of the buyer, not the sellers. It also alleges that NAR...Buyer Broker Commissions Go to Trial
On Monday, October 16, 2023, the Sitzer/Burnett lawsuit goes to trial. It’s expected to last about three weeks, with a verdict due by mid-November. The fundamental question is how buyer commissions will be paid in the future. The plaintiffs are a group of home...Zero Percent Commissions Are Now a Reality
Last week Anywhere announced the terms of their settlement agreement for the two bombshell lawsuits that sought to have buyer agents negotiate their commission directly with the seller and/or their own buyers. Part of that settlement would allow listing brokers...
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