NAR Lawsuit and Questions

[Sam McCormack]

Out of curiosity, how many people are familiar with the NAR Lawsuit and what will come of it? What do you take of it?

This is all just curiosity, from a realtor in an area with a lot of investors. Let me know!

[Brian Adams]

Ironically, I think the DOJ nonsense is backfiring on their intentions. 

I do NOT think it will lead to commission compression (which may happen anyway with or without the settlement). 

It does NOT lead to more transparency. For example, I can no longer use commissions in the filter for NTREIS. The reason is to keep me from screening out low commission options. But what it does instead is makes it very difficult for me to share with my seller what the average cooperating commission is in Dallas. So instead of a data-driven and transparent approach to recommending commissions, more and more sellers will be entirely ignorant of what the prevailing and competing commissions are. That probably means sellers will more often rely on the X% that folks vaguely believe to be the industry standards. 

But I see little to suggest it will lead to anything meaningful for consumers. Home buyers already had the option of not using an agent. Sellers already had the option of not using an agent or offering a reduced commission. 

What am I missing, @Russell Brazil?