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Barbara Corcoran: NAR settlement causing 'total confusion' in real estate
The National Association of Realtors (NAR) has agreed to pay $418 million after reaching a settlement in a lawsuit where a federal jury ruled the organization had conspired to inflate commissions. Corcoran Group Founder Barbara Corcoran joins Yahoo Finance Live in-studio, believing the ruling to be creating more "clarity" from real estate brokers, which may ultimately incur more service costs on homebuyers.
In Corcoran's words, the settlement has resulted in "total confusion" across the real estate industry. She explains the change that requires brokers to create a written document outlining all the services they will provide for buyers, as well as the cost of each service, will make "a clear difference," but that's the only upside.
Corcoran explains that sellers will have to "make good ...
published: 27 Mar 2024
-
What the NAR settlement means for buyers, sellers, realtors, and builders
The National Association of Realtors (NAR) agreed to pay $418 million in damages after settling a lawsuit in which a federal jury ruled that the organization had conspired to artificially inflate commissions. With sweeping changes to home sellers' operations, the market may record a paradigm shift.
Mphasis Digital Risk Founder Jeff Taylor and Pulte Capital CEO Bill Pulte join Yahoo Finance to discuss the broader implications of the NAR settlement.
Pulte claims that the new rules the settlement would enact may encourage "creative thinking" in the market: "You could see potentially people reduce their commissions. You could also see I think some creative thinking like the builders have done...The builders have gone in and bought down mortgage rates as a means of making their homes, meaning n...
published: 19 Mar 2024
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Redfin CEO on NAR settlement: People should have a voice in how much a real estate agent gets paid
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the settlement on the home buying process, and more.
published: 20 Mar 2024
-
The new real estate model post NAR settlement agreement
▶ ▶ ▶ WANT ME AS YOUR COACH ?
Schedule a One-on-One consultation here: http://bit.ly/3uEuE5r
▶ Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ REAL ESTATE LEAD GENERATION
Download My Script book: http://bit.ly/37Fkdou
Vulcan 7: http://bit.ly/3bANFxf
Absentee Owner Leads: http://bit.ly/2NN951M
Mailbox Power/Banner Season: https://bit.ly/3siLbdt
Bomb Bomb Video Email: http://bit.ly/3aH8asF
Divorce Real Estate Training: http://bit.ly/3pJkr40
Real Estate Agent Business Plan: https://bit.ly/3wafPIR
Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ FOLLOW BRANDON
Youtube: http://bit.ly/3aFRiCt
Instagram: https://bit.ly/37TGtLF
Facebook: http://bit.ly/3dCic0e
Website: https://www.reverseselling.com/
Podcast: http://apple.co/2NPaTYe
Book: https://amzn.to/3xD1012
▶ KEEP 100% OF YOUR...
published: 22 Mar 2024
-
NAR Settles-Now What?
There's a lot going on in real estate right now-and a lot of bad takes. Here's the thoughts of one individual practicing broker.
Chime in. What questions do you have? I probably don't have answers but if I know real estate brokers-we figure things out.
#leighbrown #NARlawsuit #realtor
📌 Defend YOUR Value: Navigating Buyer Agency with Confidence!
Gain insights into buyer agent compensation, master explaining and securing buyer agency agreements, and understand the vital role of buyer agency in protecting consumer interests.
► https://bit.ly/buyeragencywebinar
👋 CONNECT WITH LEIGH BROWN
► FB — https://tinyurl.com/y38h3up3
► IG — https://tinyurl.com/5475fkm3
► Subscribe To My Podcast — https://tinyurl.com/1gjj2mix
► https://LeighBrown.com
🎓 LEARN FROM LEIGH BROWN
► REAL ESTATE...
published: 16 Mar 2024
-
NAR settlement is an 'earthquake' for real estate industry
In the wake of the National Association of Realtors' (NAR) settlement agreement to pay $418 million over commission practices, ResiClub Co-Founder and CEO Lance Lambert, joins Yahoo Finance Live to discuss the implications for the real estate industry.
Lambert describes the settlement as "an earthquake" for the sector. He explains that in the traditional homebuying process, the seller paid a 6% commission, which was then distributed to the agents involved. However, as a result of this lawsuit, Lambert believes the primary beneficiaries "might be sellers" who could potentially no longer have to pay the buyer's agent commission rate.
Additionally, Lambert points out that this settlement exposes the "deterioration" of housing affordability, which has reached its worst level in the last four d...
published: 15 Mar 2024
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Lawyer Reviews EVERY Change in the NAR Settlement
The NAR just settled a massive case that could greatly affect how real estate agents do business. If you're a realtor and are wondering how this could affect your commissions, in this video I break down all the changes in the 108 page settlement.
The National Association of REALTORS® (NAR) announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
The settlement, which is subject to court approval, makes clear that NAR continues to deny any ...
published: 22 Mar 2024
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NAR Finally Gives Up! - 1 Million Agents Expected To Leave Real Estate
The National Association of Realtors is finally coming unraveled. In a breaking news report, NAR who previously pledged to defend appeal a $5 billion verdict, has agreed to pay $418 million in damages to settle the commission lawsuits. The result is as many as 1 million agents could exit real estate!
With over 2,000 Videos, this is the #1 channel on YouTube for all things wholesaling and flipping. SUBSCRIBE NOW! https://www.youtube.com/@FlippingMastery
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people ...
published: 15 Mar 2024
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Embracing Change: How the NAR Settlement Affects You | Tom Ferry Show
Welcome to The Tom Ferry Show! In this episode, we're diving deep into the buy side actions you need to take to navigate the new real estate rules. Join us as we discuss the latest updates and insights from the recent NAR settlement. Learn what actions to implement now and gain clarity on the timing of these changes.
Plus, get valuable advice from our expert guests, including Jack Miller, CEO of T360, David Child, CEO of Keeping Current Matters, and Coach Alysia Essig, former president of her Association. Don't miss out on this essential guidance for protecting your business and livelihood in the evolving real estate landscape. Watch now and stay ahead of the curve!
If you’re worried about how the NAR lawsuit will affect your business, it’s time to start embracing change. Watch or liste...
published: 26 Mar 2024
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BAM BREAKING: NAR Settles Lawsuit!
Byron Lazine covers today's breaking news about the settlement reached by the National Association of Realtors, the terms of that settlement, and what it means for members and for the real estate industry as a whole.
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published: 15 Mar 2024
7:25
Barbara Corcoran: NAR settlement causing 'total confusion' in real estate
The National Association of Realtors (NAR) has agreed to pay $418 million after reaching a settlement in a lawsuit where a federal jury ruled the organization h...
The National Association of Realtors (NAR) has agreed to pay $418 million after reaching a settlement in a lawsuit where a federal jury ruled the organization had conspired to inflate commissions. Corcoran Group Founder Barbara Corcoran joins Yahoo Finance Live in-studio, believing the ruling to be creating more "clarity" from real estate brokers, which may ultimately incur more service costs on homebuyers.
In Corcoran's words, the settlement has resulted in "total confusion" across the real estate industry. She explains the change that requires brokers to create a written document outlining all the services they will provide for buyers, as well as the cost of each service, will make "a clear difference," but that's the only upside.
Corcoran explains that sellers will have to "make good with the buyers" in order to help boost the price and sales of their homes, even if it means coming out of their own pockets for the "myriad of things" that could arise." However, she maintains that the ruling is "not a big deal," but rather, it's the confusion it has raised that is the real problem.
Corcoran notes that this ruling will not prompt home prices to come down, as sellers have "a one-time chance" to make profits on their house. She cites the housing inventory shortage as the reason why "prices have gone up despite everybody singing the blues," with prices continuing to rise due to the imbalance in supply and demand dynamics.
However, Corcoran advises that if you want to buy a house, the time is "right now." As people wait for rates to fall before entering the market, she warns that the optimal time will see "everybody in the market," and she questions, "Why would you wait for that?"
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
#barbaracorcoran #realestate #yahoofinance
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Barbara_Corcoran_Nar_Settlement_Causing_'Total_Confusion'_In_Real_Estate
The National Association of Realtors (NAR) has agreed to pay $418 million after reaching a settlement in a lawsuit where a federal jury ruled the organization had conspired to inflate commissions. Corcoran Group Founder Barbara Corcoran joins Yahoo Finance Live in-studio, believing the ruling to be creating more "clarity" from real estate brokers, which may ultimately incur more service costs on homebuyers.
In Corcoran's words, the settlement has resulted in "total confusion" across the real estate industry. She explains the change that requires brokers to create a written document outlining all the services they will provide for buyers, as well as the cost of each service, will make "a clear difference," but that's the only upside.
Corcoran explains that sellers will have to "make good with the buyers" in order to help boost the price and sales of their homes, even if it means coming out of their own pockets for the "myriad of things" that could arise." However, she maintains that the ruling is "not a big deal," but rather, it's the confusion it has raised that is the real problem.
Corcoran notes that this ruling will not prompt home prices to come down, as sellers have "a one-time chance" to make profits on their house. She cites the housing inventory shortage as the reason why "prices have gone up despite everybody singing the blues," with prices continuing to rise due to the imbalance in supply and demand dynamics.
However, Corcoran advises that if you want to buy a house, the time is "right now." As people wait for rates to fall before entering the market, she warns that the optimal time will see "everybody in the market," and she questions, "Why would you wait for that?"
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
#barbaracorcoran #realestate #yahoofinance
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 27 Mar 2024
- views: 156910
8:06
What the NAR settlement means for buyers, sellers, realtors, and builders
The National Association of Realtors (NAR) agreed to pay $418 million in damages after settling a lawsuit in which a federal jury ruled that the organization ha...
The National Association of Realtors (NAR) agreed to pay $418 million in damages after settling a lawsuit in which a federal jury ruled that the organization had conspired to artificially inflate commissions. With sweeping changes to home sellers' operations, the market may record a paradigm shift.
Mphasis Digital Risk Founder Jeff Taylor and Pulte Capital CEO Bill Pulte join Yahoo Finance to discuss the broader implications of the NAR settlement.
Pulte claims that the new rules the settlement would enact may encourage "creative thinking" in the market: "You could see potentially people reduce their commissions. You could also see I think some creative thinking like the builders have done...The builders have gone in and bought down mortgage rates as a means of making their homes, meaning new homes, more attractive for home buyers."
To Taylor, the settlement is a "game changer" for commissions: "There's always been this perception it's 3% and 3%, 6% or 5%, depending upon where you are. But now as you present that contract, look, theoretically the selling agent could say, we're going to charge 3% but we're not going to provide anything for the buyer on that 3%. How is that going to affect that behavior? That could change a lot going forward."
#youtube #stockmarket #realestate
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/What_The_Nar_Settlement_Means_For_Buyers,_Sellers,_Realtors,_And_Builders
The National Association of Realtors (NAR) agreed to pay $418 million in damages after settling a lawsuit in which a federal jury ruled that the organization had conspired to artificially inflate commissions. With sweeping changes to home sellers' operations, the market may record a paradigm shift.
Mphasis Digital Risk Founder Jeff Taylor and Pulte Capital CEO Bill Pulte join Yahoo Finance to discuss the broader implications of the NAR settlement.
Pulte claims that the new rules the settlement would enact may encourage "creative thinking" in the market: "You could see potentially people reduce their commissions. You could also see I think some creative thinking like the builders have done...The builders have gone in and bought down mortgage rates as a means of making their homes, meaning new homes, more attractive for home buyers."
To Taylor, the settlement is a "game changer" for commissions: "There's always been this perception it's 3% and 3%, 6% or 5%, depending upon where you are. But now as you present that contract, look, theoretically the selling agent could say, we're going to charge 3% but we're not going to provide anything for the buyer on that 3%. How is that going to affect that behavior? That could change a lot going forward."
#youtube #stockmarket #realestate
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 19 Mar 2024
- views: 41536
4:50
Redfin CEO on NAR settlement: People should have a voice in how much a real estate agent gets paid
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the set...
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the settlement on the home buying process, and more.
https://wn.com/Redfin_Ceo_On_Nar_Settlement_People_Should_Have_A_Voice_In_How_Much_A_Real_Estate_Agent_Gets_Paid
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the settlement on the home buying process, and more.
- published: 20 Mar 2024
- views: 34922
20:03
The new real estate model post NAR settlement agreement
▶ ▶ ▶ WANT ME AS YOUR COACH ?
Schedule a One-on-One consultation here: http://bit.ly/3uEuE5r
▶ Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ REAL ESTAT...
▶ ▶ ▶ WANT ME AS YOUR COACH ?
Schedule a One-on-One consultation here: http://bit.ly/3uEuE5r
▶ Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ REAL ESTATE LEAD GENERATION
Download My Script book: http://bit.ly/37Fkdou
Vulcan 7: http://bit.ly/3bANFxf
Absentee Owner Leads: http://bit.ly/2NN951M
Mailbox Power/Banner Season: https://bit.ly/3siLbdt
Bomb Bomb Video Email: http://bit.ly/3aH8asF
Divorce Real Estate Training: http://bit.ly/3pJkr40
Real Estate Agent Business Plan: https://bit.ly/3wafPIR
Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ FOLLOW BRANDON
Youtube: http://bit.ly/3aFRiCt
Instagram: https://bit.ly/37TGtLF
Facebook: http://bit.ly/3dCic0e
Website: https://www.reverseselling.com/
Podcast: http://apple.co/2NPaTYe
Book: https://amzn.to/3xD1012
▶ KEEP 100% OF YOUR COMMISSION
Brookstone Realtors: http://bit.ly/2NVLtI8
▶ ABOUT BRANDON MULRENIN
Brandon is a real estate broker in Michigan and is the CEO of Brookstone Realtors. Real estate coaching is Brandon’s passion. He teaches real estate agents at his company and around the country how to get listings using his reverse selling lead generation system. His mission is to teach real estate agents how to sell without being salesy, he calls it reverse selling.
▶ MY GEAR
✔️Camera: https://amzn.to/2YPlHXt
✔️Lens: https://amzn.to/2PLhMHg
✔️Lighting: https://amzn.to/34o17i0
✔️Microphone: https://amzn.to/2YO1Xnc
✔️Computer: https://amzn.to/2LU9RGA
Note this description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support.
https://wn.com/The_New_Real_Estate_Model_Post_Nar_Settlement_Agreement
▶ ▶ ▶ WANT ME AS YOUR COACH ?
Schedule a One-on-One consultation here: http://bit.ly/3uEuE5r
▶ Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ REAL ESTATE LEAD GENERATION
Download My Script book: http://bit.ly/37Fkdou
Vulcan 7: http://bit.ly/3bANFxf
Absentee Owner Leads: http://bit.ly/2NN951M
Mailbox Power/Banner Season: https://bit.ly/3siLbdt
Bomb Bomb Video Email: http://bit.ly/3aH8asF
Divorce Real Estate Training: http://bit.ly/3pJkr40
Real Estate Agent Business Plan: https://bit.ly/3wafPIR
Reverse Selling Audiobook: https://bit.ly/3zqxI84
▶ FOLLOW BRANDON
Youtube: http://bit.ly/3aFRiCt
Instagram: https://bit.ly/37TGtLF
Facebook: http://bit.ly/3dCic0e
Website: https://www.reverseselling.com/
Podcast: http://apple.co/2NPaTYe
Book: https://amzn.to/3xD1012
▶ KEEP 100% OF YOUR COMMISSION
Brookstone Realtors: http://bit.ly/2NVLtI8
▶ ABOUT BRANDON MULRENIN
Brandon is a real estate broker in Michigan and is the CEO of Brookstone Realtors. Real estate coaching is Brandon’s passion. He teaches real estate agents at his company and around the country how to get listings using his reverse selling lead generation system. His mission is to teach real estate agents how to sell without being salesy, he calls it reverse selling.
▶ MY GEAR
✔️Camera: https://amzn.to/2YPlHXt
✔️Lens: https://amzn.to/2PLhMHg
✔️Lighting: https://amzn.to/34o17i0
✔️Microphone: https://amzn.to/2YO1Xnc
✔️Computer: https://amzn.to/2LU9RGA
Note this description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support.
- published: 22 Mar 2024
- views: 34803
38:43
NAR Settles-Now What?
There's a lot going on in real estate right now-and a lot of bad takes. Here's the thoughts of one individual practicing broker.
Chime in. What questions do ...
There's a lot going on in real estate right now-and a lot of bad takes. Here's the thoughts of one individual practicing broker.
Chime in. What questions do you have? I probably don't have answers but if I know real estate brokers-we figure things out.
#leighbrown #NARlawsuit #realtor
📌 Defend YOUR Value: Navigating Buyer Agency with Confidence!
Gain insights into buyer agent compensation, master explaining and securing buyer agency agreements, and understand the vital role of buyer agency in protecting consumer interests.
► https://bit.ly/buyeragencywebinar
👋 CONNECT WITH LEIGH BROWN
► FB — https://tinyurl.com/y38h3up3
► IG — https://tinyurl.com/5475fkm3
► Subscribe To My Podcast — https://tinyurl.com/1gjj2mix
► https://LeighBrown.com
🎓 LEARN FROM LEIGH BROWN
► REAL ESTATE COURSES — https://www.leighbrownuniversity.com
🏡 FIND YOUR NC/SC CAROLINA DREAM HOME! 🏡
► https://LeighSELLS.com
https://wn.com/Nar_Settles_Now_What
There's a lot going on in real estate right now-and a lot of bad takes. Here's the thoughts of one individual practicing broker.
Chime in. What questions do you have? I probably don't have answers but if I know real estate brokers-we figure things out.
#leighbrown #NARlawsuit #realtor
📌 Defend YOUR Value: Navigating Buyer Agency with Confidence!
Gain insights into buyer agent compensation, master explaining and securing buyer agency agreements, and understand the vital role of buyer agency in protecting consumer interests.
► https://bit.ly/buyeragencywebinar
👋 CONNECT WITH LEIGH BROWN
► FB — https://tinyurl.com/y38h3up3
► IG — https://tinyurl.com/5475fkm3
► Subscribe To My Podcast — https://tinyurl.com/1gjj2mix
► https://LeighBrown.com
🎓 LEARN FROM LEIGH BROWN
► REAL ESTATE COURSES — https://www.leighbrownuniversity.com
🏡 FIND YOUR NC/SC CAROLINA DREAM HOME! 🏡
► https://LeighSELLS.com
- published: 16 Mar 2024
- views: 81478
5:37
NAR settlement is an 'earthquake' for real estate industry
In the wake of the National Association of Realtors' (NAR) settlement agreement to pay $418 million over commission practices, ResiClub Co-Founder and CEO Lance...
In the wake of the National Association of Realtors' (NAR) settlement agreement to pay $418 million over commission practices, ResiClub Co-Founder and CEO Lance Lambert, joins Yahoo Finance Live to discuss the implications for the real estate industry.
Lambert describes the settlement as "an earthquake" for the sector. He explains that in the traditional homebuying process, the seller paid a 6% commission, which was then distributed to the agents involved. However, as a result of this lawsuit, Lambert believes the primary beneficiaries "might be sellers" who could potentially no longer have to pay the buyer's agent commission rate.
Additionally, Lambert points out that this settlement exposes the "deterioration" of housing affordability, which has reached its worst level in the last four decades, forcing individuals into stressful situations. He argues that this stress is creating "public pushback" and highlighting the need for change within the industry.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Nar_Settlement_Is_An_'earthquake'_For_Real_Estate_Industry
In the wake of the National Association of Realtors' (NAR) settlement agreement to pay $418 million over commission practices, ResiClub Co-Founder and CEO Lance Lambert, joins Yahoo Finance Live to discuss the implications for the real estate industry.
Lambert describes the settlement as "an earthquake" for the sector. He explains that in the traditional homebuying process, the seller paid a 6% commission, which was then distributed to the agents involved. However, as a result of this lawsuit, Lambert believes the primary beneficiaries "might be sellers" who could potentially no longer have to pay the buyer's agent commission rate.
Additionally, Lambert points out that this settlement exposes the "deterioration" of housing affordability, which has reached its worst level in the last four decades, forcing individuals into stressful situations. He argues that this stress is creating "public pushback" and highlighting the need for change within the industry.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 15 Mar 2024
- views: 55888
18:57
Lawyer Reviews EVERY Change in the NAR Settlement
The NAR just settled a massive case that could greatly affect how real estate agents do business. If you're a realtor and are wondering how this could affect yo...
The NAR just settled a massive case that could greatly affect how real estate agents do business. If you're a realtor and are wondering how this could affect your commissions, in this video I break down all the changes in the 108 page settlement.
The National Association of REALTORS® (NAR) announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
The settlement, which is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.
Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
If you'd like to work with Thomas & Webber, please email info@thomasandwebber.com
00:00 - The Settlement
02:10 - Practice Changes
07:45 - Buyer Agreements
12:00 - MLS
14:19 - Next Steps
https://wn.com/Lawyer_Reviews_Every_Change_In_The_Nar_Settlement
The NAR just settled a massive case that could greatly affect how real estate agents do business. If you're a realtor and are wondering how this could affect your commissions, in this video I break down all the changes in the 108 page settlement.
The National Association of REALTORS® (NAR) announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
The settlement, which is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.
Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
If you'd like to work with Thomas & Webber, please email info@thomasandwebber.com
00:00 - The Settlement
02:10 - Practice Changes
07:45 - Buyer Agreements
12:00 - MLS
14:19 - Next Steps
- published: 22 Mar 2024
- views: 58524
6:51
NAR Finally Gives Up! - 1 Million Agents Expected To Leave Real Estate
The National Association of Realtors is finally coming unraveled. In a breaking news report, NAR who previously pledged to defend appeal a $5 billion verdict, h...
The National Association of Realtors is finally coming unraveled. In a breaking news report, NAR who previously pledged to defend appeal a $5 billion verdict, has agreed to pay $418 million in damages to settle the commission lawsuits. The result is as many as 1 million agents could exit real estate!
With over 2,000 Videos, this is the #1 channel on YouTube for all things wholesaling and flipping. SUBSCRIBE NOW! https://www.youtube.com/@FlippingMastery
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.
Get Access to Unlimited Free Property Searches and Downloads:
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Get Unlimited Seller Leads For Less Than A Penny!
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Get 100% funding for your deals!
http://UseJerrysCash.com
Advanced Mentor Program:
http://FastTrackwithJerry.com
Flipping Mastery TV Podcast:
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FREE 8 Week Training Program
http://8weekacademy.com
Get Paid $8700 To Find Vacant Lots For Jerry:
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FREE 30 Day Quickstart Kit
http://MyQuickstartKit.com
FREE Virtual Wholesaling Kit:
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FREE On-Market Deal Finder Tool:
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FREE Purchase & Sale and Assignment Contracts:
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FREE Termination of Contract and Price Reduction Addendums:
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FREE Option Agreement:
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FREE Agent Offer Sheet & Scripts:
http://AgentOfferScripts.com
List it or flip it agent scripts:
https://flippingmastery.com/lp2019/list/
FREE Motivated Seller Scripts:
http://FreeSellerScripts.com
FREE Cold Calling Scripts
(& 20 Powerful Phrases to Build Trust):
https://flippingmastery.com/ccs/
FREE Blueprint & Cash Buyer Scripts:
http://flippingmastery.com/cbsyt/
FREE LLC Flipper Kit to Overcome a No-Assignment Clause:
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FREE Deal Analyzer Software:
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FREE Instant Offer Calculator:
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FREE Rehab Estimator Tool:
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Free Contractor Agreement:
https://flippingmastery.com/cayt/
FREE Report: 67 Ways to Find Motivated Sellers:
https://flippingmastery.com/67yt/
FREE Zillow Motivated Seller Key Word Master List
https://flippingmastery.com/zkyt/
FREE Facebook Ad Templates:
https://flippingmastery.com/fbhyt/
FREE Creative Financing Hacks Guide:
http://CreativeFinancingHacks.com
FREE Creative Financing Wholesale Calculator:
http://CreativeFinancingCalculator.com
FREE Subject To Contract Pack
& 30% Off Discount Code for Full Service Closings:
https://flippingmastery.com/subyt
FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal:
https://flippingmastery.com/6fyt/
FREE Deal Structure Game Plan
https://flippingmastery.com/dp-yt/
FREE Best Selling Wholesaling Ebook:
https://flippingmastery.com/ebook-10k/yt/
FREE Best Selling Fix and Flip Ebook:
http://flippingmastery.com/free-training/free-ebook/yt/
FREE Best Selling Flipping Notes Ebook:
http://www.FlippingNotesEbook.com
FREE Wholesaling Apartments Calculator:
https://flippingmastery.com/wacyt/
FREE Rehab Checklist:
https://flippingmastery.com/rplyt/
FREE Virtual Property Walkthrough Guide & Instructions:
https://flippingmastery.com/vwgyt2/
LET'S CONNECT...!
FACEBOOK:
http://www.Facebook.com/flippingmastery
INSTAGRAM:
http://www.instagram.com/flippingmastery
#FlippingHouses #WholesalingHouses #FlippingGenius
https://wn.com/Nar_Finally_Gives_Up_1_Million_Agents_Expected_To_Leave_Real_Estate
The National Association of Realtors is finally coming unraveled. In a breaking news report, NAR who previously pledged to defend appeal a $5 billion verdict, has agreed to pay $418 million in damages to settle the commission lawsuits. The result is as many as 1 million agents could exit real estate!
With over 2,000 Videos, this is the #1 channel on YouTube for all things wholesaling and flipping. SUBSCRIBE NOW! https://www.youtube.com/@FlippingMastery
Podcast fan? Listen to your favorite Flipping Mastery TV videos on your favorite podcast platform! http://FlippingMasteryPodcast.com
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.
Get Access to Unlimited Free Property Searches and Downloads:
https://joinpropwire.com/
Get Paid $10,000 to find deals for Jerry:
http://www.My10kCheck.com
Wholesaling & House Flipping Software:
http://GetFlipster.com
Get Unlimited Seller Leads For Less Than A Penny!
http://getunlimitedsellerleads.com
Get 100% funding for your deals!
http://UseJerrysCash.com
Advanced Mentor Program:
http://FastTrackwithJerry.com
Flipping Mastery TV Podcast:
https://open.spotify.com/show/3OHpadeSpgZz1TUZgzvQ99
FREE 8 Week Training Program
http://8weekacademy.com
Get Paid $8700 To Find Vacant Lots For Jerry:
http://flippingmastery.com/lfyt/
FREE 30 Day Quickstart Kit
http://MyQuickstartKit.com
FREE Virtual Wholesaling Kit:
http://VirtualFlipperKit.com
FREE On-Market Deal Finder Tool:
http://MyDataCruncher.com
FREE Purchase & Sale and Assignment Contracts:
http://WholesalerContracts.com
FREE Cash Buyer Directory (100 Free Cash Buyers)!
http://freecashbuyers.com/
FREE Lot Finder Tool:
http://vacantlotfinder.com
FREE Craigslist Deal Finder Tool:
https://flippingmastery.com/craigslist-finder/yt/
FREE Comp Tool:
http://CompMyDeal.com
FREE Funding Kit:
http://MyFundingKit.com
FREE Wholesale JV Contract:
http://flippingmastery.com/cwyt/
FREE Wholesale NDNCA Contract:
https://flippingmastery.com/ndyt/
FREE Affidavit & Memorandum of Agreement:
https://flippingmastery.com/lpaffyt/
FREE Termination of Contract and Price Reduction Addendums:
https://flippingmastery.com/tlyt
FREE Option Agreement:
https://flippingmastery.com/oayt/
FREE Agent Offer Sheet & Scripts:
http://AgentOfferScripts.com
List it or flip it agent scripts:
https://flippingmastery.com/lp2019/list/
FREE Motivated Seller Scripts:
http://FreeSellerScripts.com
FREE Cold Calling Scripts
(& 20 Powerful Phrases to Build Trust):
https://flippingmastery.com/ccs/
FREE Blueprint & Cash Buyer Scripts:
http://flippingmastery.com/cbsyt/
FREE LLC Flipper Kit to Overcome a No-Assignment Clause:
http://LLCFlipperKit.com
FREE Deal Analyzer Software:
http://MyDealAnalyzer.com
FREE Instant Offer Calculator:
http://FreeOfferCalculator.com
FREE Rehab Estimator Tool:
http://flippingmastery.com/reyt/
Free Contractor Agreement:
https://flippingmastery.com/cayt/
FREE Report: 67 Ways to Find Motivated Sellers:
https://flippingmastery.com/67yt/
FREE Zillow Motivated Seller Key Word Master List
https://flippingmastery.com/zkyt/
FREE Facebook Ad Templates:
https://flippingmastery.com/fbhyt/
FREE Creative Financing Hacks Guide:
http://CreativeFinancingHacks.com
FREE Creative Financing Wholesale Calculator:
http://CreativeFinancingCalculator.com
FREE Subject To Contract Pack
& 30% Off Discount Code for Full Service Closings:
https://flippingmastery.com/subyt
FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal:
https://flippingmastery.com/6fyt/
FREE Deal Structure Game Plan
https://flippingmastery.com/dp-yt/
FREE Best Selling Wholesaling Ebook:
https://flippingmastery.com/ebook-10k/yt/
FREE Best Selling Fix and Flip Ebook:
http://flippingmastery.com/free-training/free-ebook/yt/
FREE Best Selling Flipping Notes Ebook:
http://www.FlippingNotesEbook.com
FREE Wholesaling Apartments Calculator:
https://flippingmastery.com/wacyt/
FREE Rehab Checklist:
https://flippingmastery.com/rplyt/
FREE Virtual Property Walkthrough Guide & Instructions:
https://flippingmastery.com/vwgyt2/
LET'S CONNECT...!
FACEBOOK:
http://www.Facebook.com/flippingmastery
INSTAGRAM:
http://www.instagram.com/flippingmastery
#FlippingHouses #WholesalingHouses #FlippingGenius
- published: 15 Mar 2024
- views: 22408
1:03:46
Embracing Change: How the NAR Settlement Affects You | Tom Ferry Show
Welcome to The Tom Ferry Show! In this episode, we're diving deep into the buy side actions you need to take to navigate the new real estate rules. Join us as w...
Welcome to The Tom Ferry Show! In this episode, we're diving deep into the buy side actions you need to take to navigate the new real estate rules. Join us as we discuss the latest updates and insights from the recent NAR settlement. Learn what actions to implement now and gain clarity on the timing of these changes.
Plus, get valuable advice from our expert guests, including Jack Miller, CEO of T360, David Child, CEO of Keeping Current Matters, and Coach Alysia Essig, former president of her Association. Don't miss out on this essential guidance for protecting your business and livelihood in the evolving real estate landscape. Watch now and stay ahead of the curve!
If you’re worried about how the NAR lawsuit will affect your business, it’s time to start embracing change. Watch or listen, right here. And then be sure to register for “Embracing Change Pt. 2: The Listing Side of the NAR Settlement” happening April 4! Sign up here: https://hubs.la/Q02r76Tw0
0:00 - Intro of the buy side & NAR settlement webinar
3:00 - NAR settlement and what it means with Jack Miller
16:15 - David Childers on mortgage rates & the market trends now
20:59 - Tools to help you be the educator by Tom Ferry
45:35 - Working with Home Buyers in 2024 with Coach Alysia Essig
Blog post: https://tinyurl.com/2yuua6bg
Download FREE Business Plan: http://tinyurl.com/2bj46g2m
Freebie Agent Tools & Resources: http://tinyurl.com/2c8mobel
------------
Interested in a FREE Coaching Consultation? Click Here: https://tfi.media/3w1CxSj
For the majority of my life, I’ve been passionate and dedicated to changing lives by giving away the very best strategies, tactics, and mindset techniques to help you and your business succeed. Join me as we take this to level 10!
------------
Let's Connect:
Website - https://TomFerry.com
Facebook - https://facebook.com/TomFerry
Instagram - https://instagram.com/TomFerry
Twitter - https://twitter.com/TomFerry
Podcast - https://TomFerry.com/Podcast
Events - https://www.tomferry.com/events
#NAR #realestateagent #housingmarket #nationalassociationofrealtors
https://wn.com/Embracing_Change_How_The_Nar_Settlement_Affects_You_|_Tom_Ferry_Show
Welcome to The Tom Ferry Show! In this episode, we're diving deep into the buy side actions you need to take to navigate the new real estate rules. Join us as we discuss the latest updates and insights from the recent NAR settlement. Learn what actions to implement now and gain clarity on the timing of these changes.
Plus, get valuable advice from our expert guests, including Jack Miller, CEO of T360, David Child, CEO of Keeping Current Matters, and Coach Alysia Essig, former president of her Association. Don't miss out on this essential guidance for protecting your business and livelihood in the evolving real estate landscape. Watch now and stay ahead of the curve!
If you’re worried about how the NAR lawsuit will affect your business, it’s time to start embracing change. Watch or listen, right here. And then be sure to register for “Embracing Change Pt. 2: The Listing Side of the NAR Settlement” happening April 4! Sign up here: https://hubs.la/Q02r76Tw0
0:00 - Intro of the buy side & NAR settlement webinar
3:00 - NAR settlement and what it means with Jack Miller
16:15 - David Childers on mortgage rates & the market trends now
20:59 - Tools to help you be the educator by Tom Ferry
45:35 - Working with Home Buyers in 2024 with Coach Alysia Essig
Blog post: https://tinyurl.com/2yuua6bg
Download FREE Business Plan: http://tinyurl.com/2bj46g2m
Freebie Agent Tools & Resources: http://tinyurl.com/2c8mobel
------------
Interested in a FREE Coaching Consultation? Click Here: https://tfi.media/3w1CxSj
For the majority of my life, I’ve been passionate and dedicated to changing lives by giving away the very best strategies, tactics, and mindset techniques to help you and your business succeed. Join me as we take this to level 10!
------------
Let's Connect:
Website - https://TomFerry.com
Facebook - https://facebook.com/TomFerry
Instagram - https://instagram.com/TomFerry
Twitter - https://twitter.com/TomFerry
Podcast - https://TomFerry.com/Podcast
Events - https://www.tomferry.com/events
#NAR #realestateagent #housingmarket #nationalassociationofrealtors
- published: 26 Mar 2024
- views: 26209
58:35
BAM BREAKING: NAR Settles Lawsuit!
Byron Lazine covers today's breaking news about the settlement reached by the National Association of Realtors, the terms of that settlement, and what it means ...
Byron Lazine covers today's breaking news about the settlement reached by the National Association of Realtors, the terms of that settlement, and what it means for members and for the real estate industry as a whole.
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Connect with Byron Lazine: https://www.instagram.com/byronlazine/
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https://wn.com/Bam_Breaking_Nar_Settles_Lawsuit
Byron Lazine covers today's breaking news about the settlement reached by the National Association of Realtors, the terms of that settlement, and what it means for members and for the real estate industry as a whole.
🔥BAMx DISCOUNT 🔥 USE CODE SETTLEMENT AT CHECKOUT FOR 15% OFF
https://bamx.uscreen.io/pages/subscribe
BAM Breaking Merch News, Available Now!
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Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka
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Connect with Byron Lazine: https://www.instagram.com/byronlazine/
Connect with Jason Haber: https://www.instagram.com/jasonhaber/
- published: 15 Mar 2024
- views: 15807