The Remax Settlement and Its Implications

The Remax settlement is discussed in this podcast episode. The hosts note that the settlement may not be as significant as expected, with the attorneys possibly prioritizing a quick and easy resolution. It is mentioned that Remax settled for a cash amount, but the specific terms of the settlement are not known at the time of the podcast. The hosts speculate that other companies like Berkshire Hathaway HomeServices and Keller Williams may also settle but stress that the Department of Justice is not party to these settlements. The hosts also discuss the potential consequences of the settlement, such as changes in compensation rules and the possibility of real estate agent teams forming private networks. Lastly, the hosts mention the impact the settlement may have on realtor membership requirements, anticipating that some companies may no longer require agents to be realtors.