Steve D Valentine and a co-host push back on real estate agents' panic about NAR and commission lawsuits. They argue the fears are overblown and walk through how co-op, co-broke, and MLS evolved, disputing claims that brokerages colluded to fix rates.
The world is over. Real estate agents are no longer needed and will no longer be paid. And this is the end of everything. Yes.
Every realtor right now has. I feel bad because I didn't help you make a real. You packing up your office with a suitcase on the way out. That's everything I've seen is. It's just my career is over.
Right. So that is not what is happening. And actually, like if we go back in time, in history where things kind of began is that, you know, it was co op and then it was a co broke and then with the co brokes, you know, there had to be management of the MLS systems and the different things. And so it grew into all this stuff. And so now what the consumer. And the whole premise of the lawsuit was that people were forced, which is what was said, to pay a certain amount of commission. And the brokerages colluded, right, to keep these prices high, which is never what happened. I've never been able to put a gun to anybody's head and force them to pay a 5 or 6% commission.