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!