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HousingWire Daily
BONUS: Expert Steve Murray on the potential impact of NAR commission settlement
Mar 18, 2024
Expert Steve Murray discusses the $418 million settlement of NAR's commission lawsuits and the potential impact on the real estate industry, including commission compression, new business models, and changes to MLS offers.
28:18
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Quick takeaways
- NAR settlement may lead to commission compression and new business models in real estate industry.
- Implications post-settlement include declined commission revenues, buyer-seller dynamic changes, and need for industry adaptation.
Deep dives
Implications of Settlement in National Association of Realtors Lawsuit
The podcast discusses the implications of the National Association of Realtors settling a class action lawsuit by paying out a significant $418 million. Steve Murray, an expert in brokerage mergers, acquisitions, and business valuations, provides insights on the settlement terms, including the prohibition of offering compensation through the MLS and the requirement of buyer representation agreements. The potential impact includes expected commission compression, changes in buyer-seller dynamics, and the need for industry adaptation to the new policies.
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Discover
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