Unpacking the $1.8 Billion Verdict Against NAR: What It Means for Home Buyers and Sellers

CEO of Asset Management Resources Chris Boyd is joined by Jeff Perry and Scott
Birmingham to discuss a recent court ruling against the National Association of Realtors
(NAR), which may have wide-ranging consequences for both home buyers and sellers. A
jury recently ruled against the NAR by awarding a judgment of $1.8 billion. This class-
action lawsuit of Sitzer v. the National Association of Realtors alleged that the NAR
artificially and unfairly inflated agent commissions. In this context, Chris, Scott, and Jeff
explore related questions that have been brought forward as to who real estate agents
actually represent. Further questions of proper disclosures and consumer awareness are
part of the dialogue. Chris, Scott, and Jeff also discuss how these issues relate to
financial advisors. Chris emphasizes the importance of working with a Fiduciary (putting
the client’s best interests first) and making sure you know how people who work for you
are compensated.

#RealEstate #NAR #AgentCommissions #ConsumerAwareness #FiduciaryResponsibility #FinancialAdvisors