NAR Facing Another Massive Law Suit | The Real Word 330

Byron Lazine and Nicole White discuss the new Michigan antitrust lawsuit against NAR and state/local Realtor associations. They also address the increase in NAR's membership since the settlement. And they answer the question, "If you could get out of NAR today, would you?" Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/ 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! _______ 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/ Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: https://nowbam.com/michigan-real-estate-professionals-file-antitrust-lawsuit-against-nar/ https://www.realestatenews.com/2024/08/12/more-agents-joining-nar-ahead-of-settlement-deadline https://nowbam.com/is-nar-hiding-membership-data/ Timestamps: 00:00–02:55 Intro 02:55 Topic: Michigan antitrust lawsuit against NAR and state/local Realtor associations 05:04 “This is a tie-in agreement…” 08:02 “This DOJ does not play with monopolies…” 10:54 “When someone is challenging you to be better, it’s not an attack; it’s an act of love.” 13:34 Plaintiffs argue the change greatly diminished the value created by being a member. 14:09 One of the things NAR has done well is advocate for buyers… 16:50 “Do you expect this to be the first of many?” 18:57 “The only value they have is the MLS…” 20:13 “NAR really drove a lot of brokers away from them when they…” 21:55 Topic #2: More agents are flocking to NAR since the settlement 24:35 Byron’s response to a Lawrence Yun quote: “This is where I have a problem with NAR…” 27:11 “If you could get out of NAR now, would you?” ——— BAM PARTNERS 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐒𝐮𝐦𝐦𝐢𝐭 𝐕𝐀 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Leverage your business with a REAL ESTATE-TRAINED Virtual Assistant → https://www.summitvasolutions.com/byronlazine-referral 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/ 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam 𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: Maximize tax savings, reduce administrative burdens, and increase take-home pay with a financial management solution specifically for real estate agents: https://get.formationscorp.com/bam ——— #narlawsuit #narsettlement #nationalassociationofrealtors