Updated almost 2 years ago on .
Main Meeting ~ Understanding the $5 Billion Realtor® Lawsuit
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- 01/09/24 05:30PM - 07:30PM America/Chicago
- Hyatt House 1803 S 52nd Rogers, Arkansas 72758
- $20
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We have heard the scuttlebutt and read some articles about this, but do we really understand the implications of this? In the class-action realtor suit, a federal jury in Missouri ruled that the National Association of Realtors and several real estate brokerages had conspired to fix prices by setting a standard where sellers pay the listing agent a commission — almost invariably 5 to 6 percent of the sale price — that is split with the buyer’s agent.
The decision, which found the defendants liable for about $1.8 billion in damages, a sum that could grow to more than $5 billion, could ultimately uncouple the listing and buying agents’ commissions, so sellers would no longer be obligated to pay the buyer’s portion. Join us today as we will hear from our local realtors the latest updates on this and what could be ahead:
- Has this settled – settled
- How are realtor companies proceeding forward now
- What are we seeing locally
- What all does all this mean to the investor
Colley Bailey is Executive Broker at Lone Rock Home Team at Fathom Realty with experience in residential, new construction and real estate investments. He is also a highly recognized face & voice behind the newly added REI NWA Podcast channel. Showcasing interviews of the regional rei prior to their REI NWA speaking event.
Larry Kelly is a seasoned investor, real estate broker, contractor, landlord, property manager and one of REI NWA's most valued resource. He keeps his eye on local governance issues and has influenced many recent pro-investor changes. Larry is known for his negotiating skills and ability to solve problems through creative financing.
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