Industry Relations Burnett v. NAR: The Lawsuit That Could Upend the Housing Market
28 snips
Oct 18, 2023 A high-stakes trial in the real estate industry called Burnett v. NAR is discussed. The potential disruption for home sales, the application of the 'per se' standard, and the challenges faced by the Burnett are explored. The pivotal role of the Multiple Listing Service (MLS) is also analyzed.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Overview of the Trial and Jury Selection
01:35 • 29min
Impact of Commissions Leaving the MLS and FTC's Potential Action
30:08 • 2min
Settlement Class and Implications
31:55 • 12min
The Current System of Seller Paying Buyer's Agent
43:32 • 7min
Understanding Appeal Bonds in a Lawsuit
50:54 • 5min
Opinions on the Lawsuit Settlement and Reassurance for Listeners
56:22 • 2min