Attorney Steve® discusses the NAR 1.8 billion case

By
Real Estate Attorney with The Law Offices of Steven C. Vondran, P.C. Attorney at Law

BREAKING LEGAL NEWS (VIDEO): NAR and other real estate companies were hit with a $ 1.8 billion judgment over the alleged price fixing of real estate commissions. Yours Truly explains. Click here to watch my video.

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Will this change the real estate business?

Will agents and Realtors lower their fees?

Will Lyft and Uber drivers get real estate licenses and charge $50 per showing?

Will brokers start using special forms that highlight various pricing structures and clearly and conspicuously disclose that real estate commissions are negotiable?

Will this verdict be upheld on appeal?

Will the case go to the Supreme Court of the United States ("SCOTUS")?

What will happen in the subsequent class action lawsuit that was filed against Compass real estate and others?

Click here to watch the video

If you need legal assistance, my firm has offices in California and Arizona (San Francisco Bay Area, Santa Monica, Newport Beach, and Phoenix, Arizona).  We can be reached at (877) 276-5084.

 

Comments (3)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Interesting questions and let me just say there is what is called an Appeal so in the short term no changes just my two cents

Nov 03, 2023 09:48 PM
Steve Vondran "Attorney Steve®

Yes, I mentioned the appeal in the video.  

Nov 04, 2023 03:35 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Steve, this lawsuit is definitely one all of us are watching closely to see how it unfolds.

Nov 04, 2023 02:29 PM
Steve Vondran "Attorney Steve®

Definitely, it will be interesting.

Nov 04, 2023 03:35 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Nov 06, 2023 03:45 AM
Steve Vondran "Attorney Steve®

You too Richard, thank you!

Nov 06, 2023 11:19 AM