It’s real estate armageddon! Ok, maybe not. But is it close? In this episode, Rob and Greg discuss the recent commission lawsuits that have been plaguing the real estate industry.
In the Moehrl vs. the National Association of Realtors, et al. case, the plaintiffs are pursuing over $13 billion in damages as they claim that they had to incur a cost that ideally should have been paid by the homebuyers themselves in a fair and competitive market, which is the buyer's agent commission.
Rob and Greg explore the potential implications of these lawsuits and what they could mean for buyers, sellers, and the real estate industry as a whole. We also discuss possible scenarios for how the market could evolve and what real estate professionals can do to prepare themselves for the armageddon ahead; oops, I mean changes ahead.
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This podcast is produced by Two Brothers Creative 2023.