10/31/23
NAR (national association of realtors), RE/MAX, KW (keller williams), and others slapped with $1.78 Billion in damages awarded to home seller-plaintiffs. The Home sellers were able to prove that the large franchises were in a conspiracy to keep commissions high…aka… Making the homeowners pay for buyer-agent commissions.
Final court approval of the settlement is expected in early 2024.
Lot’s of questions are arising now given the verdict. Sure… they will appeal this finding BUT this was only for home sellers in Missouri. I can see other state filings most-likely coming soon!
SOOOO the point of this note is that sometimes dealing with a local mom and pop real estate brokerage is better.
FRSI is one of those, and I will defend and protect my buyers and sellers and never knowinginly allow sub standard ethics to prevail!
I quit NAR 2022.
I quit the MLS “club” in 2022.
I cracked the code and am flourishing without dishing out the big money for not so stellar services!
Limited number of sales agents will be considered to apply.
