The Property Management Mastermind Show

The NAR Lawsuit and Property Management

May 30, 2024

Discover the implications of the recent NAR lawsuit settlement on property management, including antitrust violations and price fixing practices. Learn about the changes in guidelines post-settlement, such as signed buyer agreements before property showings. Brad predicts a decline in buyer's agency and advises to stop offering co-broker commissions in leasing. Explore innovative strategies for real estate deals and property management growth, while navigating fair housing issues and buyer representation agreements.

44:56

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Quick takeaways

Understanding antitrust violations and price fixing in real estate market post-NAR lawsuit settlement.

Preparing for changes in buyer's agency models and commission structures in property management sector.

Deep dives

NAR Lawsuit and Its Impact on Property Managers

The podcast delves into the NAR Lawsuit Settlement and its repercussions on property managers. Discussing the $1.78 billion damages from a lawsuit involving Missouri home buyers against the NAR, it highlights antitrust violations and price fixing within the real estate market. The episode emphasizes the importance of understanding the DOJ and NER lawsuit history and their implications on the property management sector.

Introduction

3min

Antitrust Lawsuit Impact on Real Estate Industry

10min

Property Management Lawsuit Impact and Commission Disputes

15min

Navigating Tenant Realtor Commissions and Steering in Property Management

2min

Navigating Fair Housing Issues in Property Management

12min

Navigating Buyer Representation Agreements and Seller Commissions in Real Estate Transactions

2min

Innovative Strategies for Real Estate Deals and Property Management Growth

2min

How does the NAR Lawsuit settlement affect you as a property manager? The recent NAR lawsuit has caused major changes in the real estate industry and property management needs to be prepared. Brad is here to guide you with his decades of experience in real estate and property management; he dives into the recent NAR lawsuit settlement and its impact on the property management industry.

With in-depth analysis, Brad highlights the antitrust violations and price fixing practices of real estate agents and explains the compulsory membership of NAR and their control over MLS data. You'll also learn about the changes and guidelines that will be implemented due to the settlement, including the requirement for signed buyer agreements prior to property showings.

Brad also predicts a decline in buyer's agency and urges property managers to stop offering co-broker commissions in leasing. This episode is packed with what you need to know post-lawsuit settlement.

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This podcast is produced by Two Brothers Creative.