What Does the Real Estate Lawsuit Mean to the Public

There has been a lot of news going around about a recent lawsuit that affects the real estate industry. According to the National Association of Realtors (NAR) press release, “after an 11-day trial in the case of Burnett v. NAR et al, the eight-person jury in a Kansas City, Mo., federal courtroom, came back Tuesday and found the National Association of REALTORS® and other corporate defendants liable in the case.” NAR along with Homeservices of America and Keller Williams Realty were found to be liable for $1.8 billion in damages for conspiring to keep commissions artificially high. It is important to note that this case will likely be appealed and most experts think this will take years to unfold. There is also much speculation on how this affects the real estate industry. In this episode, we share our perspective on what changes we are seeing already.