I promised a Part 2 where I would treat the subject of regulation, which I think is the real Big Guns of the upcoming war between the United States and NAR. If you missed Part 1, where I dig into why the US DOJ pulled out of a settlement with NAR (which it has never … Read more
[UPDATE: To celebrate Independence Day, I’ve decided to make this one open to everyone. My VIP subscribers have mostly already read it over the weekend anyhow, and the issue is important enough to the industry as a whole that I thought it an appropriate July Fourth gift of sorts. Yay, ‘Murica!] I was traveling most … Read more
I’ve been busy, including my first actual physical business trip in quite a while. I am happy to report for those who might have FOMO that air travel is even less pleasant than it was pre-virus. Trust me, you ain’t missing nothin’. In the strat plan session I ran, we talked about the commission lawsuits … Read more
I don’t have a lot of time, so this won’t be one of my normal lengthy speculations and such. Just a few questions. In case you missed it, Inman reported on the PLS v. NAR lawsuit that was just dismissed with prejudice by the federal court. It’s a good piece of reporting, so go read … Read more
Back in October, after Judge Woods laid the wood to NAR and the corporate defendants in the Moehrl v. NAR case, I wrote: Finally, I’ll go out on a limb (it’s a short one, I think) and predict that now that the motion to dismiss was denied, and denied in this manner with the judge … Read more
In my previous post on the topic of the new NAR speech code regulations, I pointed out something I thought was problematic: In addition, the Committee recommends changing the definition of “Public Trust” with these changes: The Committee recommends that the definition of “public trust” be expanded to include all discrimination against the protected classes … Read more
I’m actually a bit busy with critical research and writing, but thought I’d take a moment out to write something fun and lighthearted about real estate. Then I read this in Inman: “DOJ-NAR settlement will effectively squash 2 consumer antitrust suits.” The author contends that the recent DOJ-NAR settlement is a wonderful thing, as it … Read more
It appears that Redfin, the wokest brokerage in real estate, has been sued by a coalition of fair housing organizations for what they say is a violation of fair housing laws. Specifically, these organization claim that Redfin’s failure to provide services in lower priced areas that happen to be majority-minority, is a form of redlining. … Read more
I keep having to write posts like this, about NAR, about REALTORs, and the state of the industry. Some of you think I’m picking on NAR, but some of you who have known me longer, have worked with me on a variety of projects, know that I do this out of love. I genuinely believe … Read more