Last week we began to probe how a real estate agent’s life will radically change come August 17th, 2024, the date when the “Sitzer…” decision becomes the mandated practice for MLS’s (Multiple Listing Service’s) across the country. And to reiterate, it’s the…
On August 17th of this year, the American residential real estate world changes – and it changes most profoundly for Buyers and Buyer’s agents. The recently settled lawsuit of Sitzer-Burnett (aka Sitzer) vs NAR (National Association of Realtors) and various real estate…
Stuff’s Been Happening For 6 or more weeks, we’ve been looking at and (rightly) devoting most of this Snapshot space to the industry altering lawsuit known as Sitzer-Burnett; et al, vs the National Association of Realtors (NAR), a case won by Sitzer,…
Is Sitzer-Burnett a Consumer Victory? Are you Buying or Selling? For the past 5 weeks, we’ve been looking at how the now decided case of Sitzer-Burnett vs NAR, et al, will totally upend our country’s real estate practice as it especially relates…
The Day the Buyer’s Agents Died I’m not sure why or how Don McLean’s famous 1971 song hit American Pie got lodged into my Snapshot brain today, but if I don’t write this, it’ll stick with me well beyond this hour –…
Who Represents Whom? Last week we left our discussion by saying that 50 years ago, the biggest thing to affect residential real estate was the inauguration of the Multiple Listing Service (MLS). It was a win-win for buyers and sellers as the…
A Personal History Recently we’ve begun to discuss the biggest news in the real estate industry in over 50 years and attempting to figure out what it all practically means to the residential real estate buyer, seller, real estate agents, their respective…
Inflation News Could Hint at Higher Rates, Not Lower – Ouch! We’ll start with the good news for our buyer and seller clients – mortgage rates dropped this past Friday, (4/12). The bad news is that the previous Wednesday was a thumping….
My friend and client Ty Lomeli sent me the following e-mail last month responding to my Snapshot article regarding the recent commission lawsuit settlement by the National Association of Realtors (NAR). Ty writes: Mike, you need to create a follow-up to this…
And yet, Prices are Rising! This is Not Good! A very good friend of mine and my very first client in Arizona back in 1995, Mike York, sent me this NY Times article recently. Mike figured I had already seen it –…