Byron Lazine and Nicole White discuss the terms of the NAR settlement, the brokerages (and agents) left out, an article by Rob Hahn aka Notorious ROB, and commission lawsuit plaintiffs seeking $4.7 billion from HomeServices of America.
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LIVE Knowledge Brokers Panel: The NAR Settlement: What agents need to know: https://www.youtube.com/watch?v=-Qdxi6JJOuM
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This episode's sources:
https://nowpondering.com/wp-content/uploads/2024/03/nar-settlement-agreement-download-2024-03-15-JThompson-NowPondering.pdf
https://notoriousrob.substack.com/p/second-take-nar-settlement-big-brokerages
https://www.realestatenews.com/2024/03/18/plaintiffs-seek-whopping-usd4-7-billion-from-homeservices
Timestamps:
00:00–01:22 Intro
01:23 Racket #1: NAR’s Terms For Commission Lawsuit Settlement
02:33 This does NOT end all commission-related lawsuits.
07:41 The formula for opting in, with examples from Rob Hahn (Notorious ROB)
09:09 Notorious R.O.B. “Big Brokerage Club”; Compass looking at $570 Million
13:14 Total Settlement is actually $2.24 Billion
13:31 Racket #2: Plaintiffs Seeking $4.7 Billion From Berkshire Hathaway / HomeServices
15:03 Notorious ROB calls the settlement, “Socialism Realtor-style”
16:53 List of some companies involved in NAR’s terms
17:38 Will excluded brokerages seek their own settlement (apart from NAR)?
25:26 Wednesday’s LIVE Knowledge Brokers panel on the NAR settlement
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#nationalassociationofrealtors #settlement #sitzerburnett
