We are dropping a breaking news episode in your feed today as Steve Murray of RTC Consulting joins us to discuss an important update in the class action commission lawsuits brought by home sellers across the nation.

The National Association of Realtors (NAR) has settled for $418 million and will make several policy changes, pending court approval. This proposed settlement has several implications for the real estate industry, including the removal of compensation offers from the MLS. Murray talks about the potential for more commission compression as well as the possibilities for new business models, additional brokerage services and the future of NAR and state associations.

Here’s a glimpse of what you’ll learn:

- The settlement in the class action commission case has several implications for the real estate industry.
- The settlement opens up possibilities for new business models, with big brokers having an advantage.
- The billions in savings for homebuyers is a myth. Murray explains why it may not lower home prices.
- The settlement is significant, but its effect on DOJ’s broker compensation concerns is yet to be determined.

Related to this episode:

- Connect with Tracey Velt on LinkedIn:   / traceyvelt  

- The Gathering: https://events.realtrends.com/the-gat...

Enjoy the episode!

The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Dalton Johnson.