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:
00:00â02:55 Intro
02:55 Topic: Michigan antitrust lawsuit against NAR and state/local Realtor associations
05:04 âThis is a tie-in agreementâŠâ
08:02 âThis DOJ does not play with monopoliesâŠâ
10:54 âWhen someone is challenging you to be better, itâs not an attack; itâs an act of love.â
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 buyersâŠ
16:50 âDo you expect this to be the first of many?â
18:57 âThe only value they have is the MLSâŠâ
20:13 âNAR really drove a lot of brokers away from them when theyâŠâ
21:55 Topic #2: More agents are flocking to NAR since the settlement
24:35 Byronâs response to a Lawrence Yun quote: âThis is where I have a problem with NARâŠâ
27:11 âIf you could get out of NAR now, would you?â
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#narlawsuit #narsettlement #nationalassociationofrealtors