Steve Murray

Real estate stalwart Steve Murray shares his analysis of the class-action commission lawsuit. He discusses the dismissal of a price fixing case in Kentucky and criticizes arguments against agent training. The speakers also discuss buyers' resistance to discount agents and the importance of training agents in buyer representation for the current lawsuit.

Steve Murray, a senior advisor to RealTrends and industry expert, joins to discuss critical real estate challenges and innovations. He emphasizes the importance of talent development for brokers and the need to rethink outdated brokerage models. Murray introduces Fiji, a new M&A tool aimed at enhancing transparency in dealmaking. He also tackles the growing distraction of AI in the industry, the alarming rate of inactive agents, and the necessity for brokers to adapt and innovate amid evolving market conditions.

Industry expert Steve Murray discusses the implications of NAR's $418 million settlement on commission lawsuits in the real estate industry. Topics include changes to compensation offers, potential for new business models, and concerns over DOJ's role. The settlement may lead to commission compression, but savings for homebuyers may not lower prices.