Industry Relations
NAR’s Response to the Sitzer Burnett Lawsuit: Jump Ship or Grab A Bucket
Nov 8, 2023
The hosts discuss NAR's response to the Sitzer lawsuit and the potential impact on agents and brokers. They express frustration with NAR's lack of planning and communication. They speculate on the future of realtor associations and MLSs and discuss the potential consequences of breaking away from NAR. They also talk about negotiations, potential settlements, and the implications for realtors. They discuss CatchMark's interaction with the Department of Justice and a political candidate who could defund the deep state.
55:27
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- NAR's lack of a post-verdict contingency plan has raised concerns about its leadership and ability to handle the Sitzer lawsuit fallout.
- The communication between the attorney representing the plaintiffs and the Department of Justice suggests the DOJ's active involvement in the case and potential intention to separate the MLS from NAR.
Deep dives
NAR's Lack of Post-Verdict Contingency Plan Raises Concerns
The recent podcast episode discusses the surprising revelation that NAR did not have a post-verdict contingency plan in place after the Sitzer lawsuit. This lack of preparation and communication raises concerns among MLS execs and local associations who are now questioning NAR's leadership and ability to handle the situation. The absence of a clear plan may prompt some MLSs and locals to consider distancing themselves from NAR and exploring alternative options.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
