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DOJ vs NAR Lawsuit Turned Into an Exercise in Irrelevancy

Started by JeffX · 1 year ago

Here is a classic case of technology outpacing the legal system.

The Department of Justice (DOJ) settled its case with the National Association of Realtors (NAR) primarily because neither side had much to fight for.  The policies that the DOJ had issues with simply became irrelevant with the increasing ubiquity of ‘cheap technology’ ... Continue reading »

2 comments

  • David Podgursky

    1 year ago

    It was silly to worry about tying up the MLS for whatever amount of reasons when there are still laws to keep people from brokering real estate without a real estate license.

    too bad the mortgage industry doesn't follow suit - any "correspondent" can provide the content but only a licensee can originate the loan
    reply
  • Tom Molina

    7 months ago

    As a 21 year veteran realtor, I am always open to a new idea or new way of doing things. I'm sorry...but I don't see the big difference ....this concept has been done and done and done. In twenty years of real estate I've seen every incarnation of this concept has failed in a big way. Locally the "hope you sell" franchises have crashed and burned and before them there was a parade of others beginning with "why usa". In every market 90% of the real estate is sold by 10% of the Agents. The best most experienced agents have their plate full. The only agents willing to work for a "satisfaction fee" are worth having? And, at an average sales price of 180K, 3% becomes $5400 commission which is less than your "minimum". I also noticed the markets where you exist are the same markets where the pressure on sales prices has been the most intense. In our experience, these are the same markets where the most successful agents are in most demand. Good Luck in your business but I see nothing new here.
    reply

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