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…
Last week we began to address the news which is real news – the lawsuit settlement known as Sitzer-Burnett vs NAR (National Association of Realtors) and various real estate companies. I’ve again posted the WSJ article here. NAR settled this lawsuit for…
The big business news of the day, week, month or year is the National Association of Realtor’s (NAR) lawsuit settlement regarding our world of getting paid, aka commissions. Read here! I’ve been following the original lawsuit of Sitzer-Burnett vs NAR and various…