$5B Lawsuit - Loss - Sitzer / Burnett

[Bill Schrimpf]

Sitzer / Burnett decision ink isn't dry yet, yes NAR will appeal, lots still happening but this is a big deal. Our broker had some very specific advice about how to word contracts going forward. The most interesting being to not use round numbers such as 2.5%, 5% 6% etc.

Taken literally, this decision leaves the buyers agent in the wind. How does that impact appraisals if commission is "baked in"? Will lenders lend to the buyer to cover buyers agent fees? How do VA buyers get impacted?

Maybe I open my own brokerage, market huge savings to sellers and offer peanuts, or zero to buyers agents.  Become a pariah to all my colleagues!  

Its going to be fascinating to see how this lands, who and how will the industry be disrupted.  

Surprised there isn't already lengthy discussion on this.  What are your thoughts, questions, fears, and most importantly, opportunities!