Manage episode 297718026 series 2820712
What's up, everybody?! Today, we're taking a look at a developing story that could have ramifications on the real estate world. The U.S. Department of Justice (DOJ) has reversed course on a settlement agreement they made with the National Association of Realtors (NAR) in the last days of the Trump administration over anti-trust claims. Commission arrangements and consumer disclosure requirements were two of the main points of contention in the suit, and as companies like Zillow introduce home buying and listing services at reduced percentages or flat rates, the real estate agent's role in the transaction starts to come into question. What future does this spell for agents, and what can investors like us expect from agents going forward? Stay tuned for more spine-tingling events as Donny gives his take on the case!
Mentioned in today's episode
Here's a link to the article Donny discussed in today's episode:
DOJ Withdraws Settlement From NAR
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