Real Estate News
Closing Arguments Complete: Day 11 of Sitzer/Burnett
On October 30, Day 11 of Sitzer/Burnett, attorneys for the plaintiffs and defense gave their closing arguments and rebuttal.
October 31, 2023
On October 30, Day 11 of Sitzer/Burnett, attorneys for the plaintiffs and defense gave their closing arguments and rebuttal.
On Wednesday, attorneys for defendants HomeServices, Keller Williams, and the National Association of Realtors (NAR) asked for a mistrial, arguing that a video shown by the plaintiffs’ attorney amounted to an “ambush” that damaged their chance at a fair trial.
Attorneys for the defendants continued to lay out their case on Tuesday, October 24, 2023—Day 7 of the Sitzer/Burnett trial. NAR CEO Bob Goldberg and NAR Director of Engagement Rodney Gansho took the stand.
Fannie Mae, CoreLogic, and Zillow are forecasting year-over-year increases in home values in the coming year, while Moody’s Analytics and Morgan Stanley are predicting single-digit national home price declines.
As Week Two of the Sitzer/Burnett trial begins, plaintiffs wrap up their testimony and attempt to show negligence on the part of NAR and Keller Williams leadership in regards to antitrust violations in their organizations.
The second day of the Sitzer/Burnett trial included opening remarks from both plaintiffs and defendants, along with testimonies from Gary Keller (Keller Williams CEO), Gino Blefari (HomeServices of America CEO), and Bob Goldberg (NAR CEO).
On day one of the Sitzer/Burnett trial, jury selection took several hours as lawyers for both sides reduced a jury pool of around 80 to nine. And a pro-plaintiff Wall Street Journal article published the day before could make it difficult for jurors to avoid external bias.
This week in BAM (October 9–13), we have rapport-building tips, a script to use with seller/buyers this fall, a NAR timeline, PR lessons from NAR’s response to allegations, a hidden sales superpower, lagging Instagram Reels, and a little-known hack for Instagram bios.
Here’s a timeline of recent events and changes facing the National Association of Realtors® (NAR), along with its reactions.
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.
A little more than a week before the Sitzer/Burnett class action suit goes to trial, NAR reversed course and said it’s now allowing listings with $0 for buyer compensation.
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