We are bringing you a special bonus episode from the RealTrending feed as Steve Murray of RTC Consulting joins HousingWire's Senior Director of data and content Tracey Velt to discuss an important update in the class action commission lawsuits brought by home sellers across the nation.
The National Association of Realtors (NAR) has settled for $418 million and will make several policy changes, pending court approval. This proposed settlement has several implications for the real estate industry, including the removal of compensation offers from the MLS. Murray talks about the potential for more commission compression as well as the possibilities for new business models, additional brokerage services and the future of NAR and state associations.
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