Industry Relations

NAR’s Continuing Legal Battles

Apr 10, 2024

Rob and Greg dissect the NAR vs. US lawsuit reversal, antitrust implications, NAR-DOJ agreement, CMLS amicus briefs, and industry predictions. They highlight legal battles, settlement impacts, and urge producer support for their YouTube channel. The podcast is packed with insights on industry practices and upcoming legal probes.

54:30

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Quick takeaways

The DC Circuit Court of Appeals ruled in favor of the United States in the NAR versus US lawsuit, allowing the Department of Justice to take action against NAR.

CMOs filed an amicus brief focusing on legal liabilities and consumer impacts of the NAR settlement, raising questions about strategy.

The NAR settlement may lead to brokerage consolidation, with settled brokerages having an advantage in acquisitions and potential reshaping of the industry.

Deep dives

DOJ Court of Appeals Ruling

The DC Circuit Court of Appeals has ruled in favor of the United States in the NAR versus US lawsuit, freeing up the Department of Justice to pursue action against NAR. This ruling follows a settlement that fell through between the Department of Justice and NAR, leading to a lawsuit. The reversal by the appeals court implies that the lower court ruling in favor of NAR was incorrect.

Introduction

3min

Legal Battles and Settlements: Navigating Uncertainty

18min

Analysis of NAR's Century-Long Legal Battles and Potential Consequences

2min

Monarchy, Sponsorship, and a YouTube Plea

2min

Legal Battles and Intervention

17min

Navigating Legal Battles and Settlements in Real Estate Industry

11min

Reflections on a Paper, Producer Support, and Marketing Service Promotion

2min

Not one week goes by without some huge industry news surrounding NAR. In this episode, Rob ang Greg discuss the D.C. Circuit Court of Appeals' reversal in the NAR vs. US lawsuit, paving way for a new probe in the wake of the pending commission lawsuit settlement. Rob and Greg explore the antitrust lawsuit's history, implications of the reversal, and how it aligns with their predictions for the industry and future of NAR.

Greg talks about the NAR-DOJ agreement and potential political impacts, while Rob focuses on the long-term effects. The dynamic duo stress on focusing on industry practices, legal settlements, and progress.

Rob and Greg also debate the CMLS and NWMLS amicus briefs on MLS practices, while illustrating the timing and what the industry is signaling. This episode is jam packed with industry insights.

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This podcast is produced by Two Brothers Creative 2024.