This week in BAM focuses on big news about NAR, one word to eliminate from your vocabulary, business planning basics, October content ideas, how to send 200 Instagram DMs at once, and podcasting tips for real estate agents.
Details of the Anywhere and RE/MAX settlements reveal two more no-confidence vote in the National Association of Realtors (NAR). Anywhere will no longer require any of its brokerages or agents to belong to NAR or adhere to NAR’s Code of Ethics or MLS Handbook.
RE/MAX, LLC has reached a settlement with the plaintiffs in the class action lawsuits known as Moerhl and Burnett (formerly Sitzer), making them the second defendant to settle and agree to some changes in their business practices.
With Anywhere taking the lead in settling both class action lawsuits on buyer agent commissions, here are some scripting changes agents and brokerages can use to adapt to an industry where buyer commissions are no longer guaranteed.
Anywhere has agreed to settle both class action lawsuits challenging the current system for buyer agent commissions. Other defendants, including the National Association of Realtors (NAR), RE/MAX, and Keller Williams are still set to go to trial.
BAM presents the Q2 2023 financial results for some of the biggest names in the real estate industry.
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