El Podcast Episode number 78 discusses the recent real estate commission lawsuits filed against the National Association of Realtors (NAR) and other major real estate companies. The lawsuits allege antitrust violations and inflated commission fees, claiming that the defendants conspired to fix commission rates. The lawsuits have led to changes in how real estate transactions are conducted, including modifications to the commission structure. The conversation explores the start of these lawsuits, the progress of the trials, and the settlement agreements reached by some of the defendants. It also delves into the implications of these changes for sellers, buyers, and real estate agents. The conversation covers various topics related to the real estate industry, including the impact of commission lawsuits, the role of the National Association of Realtors (NAR), the future of real estate agents, and the potential effects on home prices. The guest, Brooklee Han, provides insights into the changes happening in the industry and the challenges faced by real estate professionals. She also shares her personal journey from being an Olympic figure skater to becoming a real estate journalist. Overall, the conversation highlights the need for transparency, professionalism, and improved consumer experiences in the real estate industry.
Real estate reporter Brooklee Han explains how the recent NAR settlement and commission lawsuits will reshape home buying, especially for first-time buyers, veterans, and the future of buyer’s agents.
Guest Bio:
Brooklee Han is a real estate reporter at HousingWire who covers residential real estate, mortgage trends, title insurance, and proptech. A former Olympic-level figure skater, she brings the same discipline and insight to her journalism.
Topics Discussed:
Top Quote:
“Veterans are a major loser in this as it currently stands… they either have to go into the transaction unrepresented or they cannot use their VA loan benefit.”