Inspiring Personal Development Interviews With Salespeople, Trainers, Coaches & Authors. Gary Vaynerchuk, Mel Robbins, Grant

In a recent legal verdict, home sellers across the nation have won a substantial $1.8 billion in damages following a jury's determination of conspiracy among certain members of the real estate community. The lawsuit primarily revolved around allegations of excessive fees imposed by real estate agents, and it has far-reaching implications for both sellers and buyers alike.   The focus of the lawsuits is an NAR rule that requires that home sellers offer to pay the commission for the agent representing the homebuyer when they advertise their property on a local Multiple Listings Service, where a majority of U.S. homes are listed for sale. This is in addition to also having to cover the commission for their listing agent or broker.   Plaintiffs also claim that the NAR requirement effectively keeps commissions for a homebuyer’s agent artificially high.   Questions answered in this episode  Do you agree or disagree with the lawsuit and why? What should we be doing now to prepare for this lawsuit? Is this just