Understanding the Three Class Action Suits with James Dwiggins
Luxury Listing Specialist - Dominate High End Listings In Any Market
Audio is streamed directly from the publisher (mcdn.podbean.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Are you curious about the ongoing lawsuits between the Department of Justice and the National Association of Realtors?
James Dwiggins joins me on the show to fill us in on the lawsuits. I got the opportunity to hear him speak at the T-3 Summit in Naples, FL, and I found him to be an amazing speaker and well-informed on these class action lawsuits. He's the CEO of Next Home Inc. and hosts the "Real Estate Insiders Unfiltered" podcast.
According to James, all three cases are similar. The general premise is that they are alleging that there's a conspiracy in the industry to prop up commissions and that the industry has collaborated to do that by forcing sellers to pay the buyer's agent commission. He believes we can remove future lawsuits if everybody gets into the class.
The three suits include:
-
No select versus MLS property info network
-
Burnett Spitzer versus National Association of REALTORS
-
Moral versus the national association realtors
James will share what the lawsuits entail and what a win or loss of the cases might look like. Listen in and learn.
"Agents who articulate their value will thrive." - James Dwiggins
Three Things You'll Learn from the Episode
-
The three class action suits currently happening
-
The impacts of losing or winning either of the cases
-
What the suits mean to the real estate industry
Connect with Michael LaFido:
YouTube: @MarketingLuxuryGroup
TikTok: @LuxurySpecialist
Instagram: @LuxuryListingSpecialist
Have a real estate question? Be sure to join me live on Luxury Fridays! Visit www.LuxuryFridays.com for more information. Hope to see you there!