NAR Lawsuit Explained: What Does This Mean for Real Estate Agents?

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email [email protected] and I’ll send you a free training on finding and analyzing properties.In a landmark verdict, a Missouri court found the NAR and two brokerage firms, Homeservices of America and Keller Williams Realty, liable for $1.8 billion in damages for conspiring to keep commissions artificially high. This decision could potentially revolutionize the real estate industry by challenging the traditional commission structure. The plaintiffs argued that NAR's requirement for commission sharing inflated prices, and the court agreed. For years, the standard commission has been around 6%, with a 3% split between the buyer's and seller's agents. In this video, I'll discuss what this means for homebuyers and Realtors.Apply to my Out of State Investing 4-Week Workshop- https://www.outofstatemoney.com/workshopDownload my free guide, 8 Steps to Buying Your First Out of State PropertyApply for my out of state investing coaching program here Access all of our resources on our website- https://www.blackrealestatedialogue.com/links Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy