NAR Anti-Trust Suit

[Jack Seiden]

Curious to hear people’s views on the case? I could see the entire industry being changed or some different legal language to some legal forms and things more or less continuing as is. As an aside I do think the combo of less home sales, more agents, regulatory challenges, higher home prices and the internet make it pretty likely that
commissions fall. As far as the legal case itself I’ve literally seen an agent call an agents broker and complain that the buyers commission was too low. I’m left with this scene from arrested development in my head.

Michael: Is this what you’re worried about? ’Cause, you know, I got news. He’s, uh... he’s guilty.

George Michael: He is?

Michael: Oh, yeah. Incredibly guilty.