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Reside Platform Podcast

Ep. 34 | Copy Cat NAR Lawsuits Are Here

Nov 11, 2023
Discussing the impact of NAR Lawsuit with copycat lawsuits, MLS-NAR dynamics, and rule changes. Delving into challenges for real estate teams, member loss fears, and navigating the evolving industry environment.
24:15

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Quick takeaways

  • Copycat lawsuits reshaping legal dynamics in the real estate industry.
  • Need for agents to adapt, articulate value, and navigate changing environment for client satisfaction.

Deep dives

Implications of Copycat Lawsuits in Real Estate Industry

Copycat lawsuits are becoming prominent in the real estate industry, impacting both agents and brokerages. The recent mother of all commission suits targets buyers who purchased properties through the MLS since 1996. The lawsuit challenges the antitrust policies around compensation offered by brokers, raising concerns about industry regulations and potential rule changes. Brokerages are adjusting their practices to ensure transparency and value proposition for clients amidst legal uncertainties.

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