Industry Relations

It ain't over yet

Jan 15, 2025
Rob and Greg dive into the Supreme Court's denial of NAR's cert petition and its implications for DOJ's antitrust investigations. They discuss ongoing commission lawsuits and potential impacts on first-time homebuyers. The hosts explore rising housing market pressures, including costs and inventory shifts affecting rentals and sales. They also highlight upcoming events like the MLS Reset Conference and their first live stream, setting the stage for a transformative chapter in real estate.
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INSIGHT

Supreme Court & DOJ

  • The Supreme Court's denial of NAR's appeal allows the DOJ to resume antitrust actions.
  • This signals a potential shift in real estate, impacting commissions and industry practices.
INSIGHT

DOJ's Goal

  • The DOJ aims to lower real estate transaction fees, potentially to 1.5%.
  • They view current U.S. fees as inflated compared to other developed countries.
INSIGHT

Commission Predictions

  • One percent listing companies have thrived, suggesting a potential for similar buy-side models.
  • This shift could normalize commissions around 2%, impacting the industry.
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