Byron Lazine and Nicole White discuss the new Michigan antitrust lawsuit against NAR and state/local Realtor associations. They also address the increase in NAR's membership since the settlement. And they answer the question, "If you could get out of NAR today, would you?"
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This episode's sources:
https://nowbam.com/michigan-real-estate-professionals-file-antitrust-lawsuit-against-nar/
https://www.realestatenews.com/2024/08/12/more-agents-joining-nar-ahead-of-settlement-deadline
https://nowbam.com/is-nar-hiding-membership-data/
Timestamps:
00:00โ02:55 Intro
02:55 Topic: Michigan antitrust lawsuit against NAR and state/local Realtor associations
05:04 โThis is a tie-in agreementโฆโ
08:02 โThis DOJ does not play with monopoliesโฆโ
10:54 โWhen someone is challenging you to be better, itโs not an attack; itโs an act of love.โ
13:34 Plaintiffs argue the change greatly diminished the value created by being a member.
14:09 One of the things NAR has done well is advocate for buyersโฆ
16:50 โDo you expect this to be the first of many?โ
18:57 โThe only value they have is the MLSโฆโ
20:13 โNAR really drove a lot of brokers away from them when theyโฆโ
21:55 Topic #2: More agents are flocking to NAR since the settlement
24:35 Byronโs response to a Lawrence Yun quote: โThis is where I have a problem with NARโฆโ
27:11 โIf you could get out of NAR now, would you?โ
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#narlawsuit #narsettlement #nationalassociationofrealtors