Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.
Is it about to get even worse for NAR (National Association of Realtors)? After a ground-breaking agent commission lawsuit settlement forced the organization to pay out hundreds of millions, NAR has been on thin ice. They had just come off of a massive change in leadership, with some executives facing sexual harassment accusations, only to have the spotlight put on them once again. But it’s not over.
A new investigative piece from The New York Times reporter Debra Kamin uncovers a web of hidden donations to political groups that many NAR members aren’t aware of. NAR, the largest lobbyist group in the country, is well-known for donating to political causes that benefit their industry. However, it seems those donations heavily lean to one side of the political spectrum.
So, is this a problem? Could it even be illegal? Debra reveals that many of these donations go to groups unrelated to real estate, leaving some members frustrated with how their dues are being spent. Could this be the final blow to NAR, paving the way for more competition among real estate agent organizations? Debra is on to break the story.
In This Episode We Cover
The new investigation on where NAR “donations” and member dues are going
NAR’s recent turmoil with massive lawsuits, sexual harassment accusations, and more
What do realtors think of their dues being spent on fringe political causes?
The future of NAR and whether they’ll recover from their recent internal challenges
A new DOJ (department of justice) investigation into NAR and whether members will leave
And So Much More!
Links from the Show
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On the Market 197 - NAR Finally Faces Competition: Is the Agent “Monopoly” Over? w/Jason Haber and Mauricio Umansky
On the Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin
Grab the Book “SOLD: Every Real Estate Agent’s Guide”
Jump to topic:
00:00 Intro
01:30 NAR Turmoil
03:46 The Largest Lobbyist Group
08:53 Quietly Funding Political Causes
14:17 Is This Illegal?
17:29 What Realtors Think
20:40 The Future of NAR
26:58 Read the Full Story
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