Byron Lazine and Nicole White discuss a proposal from the Department of Justice (DOJ) to put an end to seller-paid commissions for buyer agents and a response from the National Association of Realtors (NAR).

Watch the Real Word episode 308 with Notorious ROB, “Ketchmark vs Lamacchia Commission Lawsuit Debate: Notorious R.O.B. Speaks Out”: https://www.youtube.com/watch?v=8Ihm7BX2g08

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This episode's sources:

https://nowbam.com/doj-proposes-an-end-to-seller-paid-commissions-for-buyer-agents/#

https://www.inman.com/2024/02/23/nar-breaks-silence-on-doj-call-to-decouple-commissions/

Timestamps:

00:00-01:38 Intro

01:39 Topic—DOJ Proposes An End To Seller-Paid Commissions For Buyer Agents

03:06 “Here’s the big takeaway….”

05:36 “It’s not ‘could this happen?’ It’s ‘this is happening’….”

06:49 Nicole on buyers submitting offers asking the seller to pay their agent’s commission

08:57 Stephen Brobeck quote from Inman article (CFA hails DOJ’s proposal & NAR’s response)

18:09 “There are so many additional layers to all this…”

19:01 NAR Pres. Kevin Sears: “The way we operate our business is going to change….”

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#departmentofjustice #nationalassociationofrealtors #commissions