Off-Topic: Yo Luck
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Name:   lucky67 The author of this post is registered as a member - Email Member
Subject:   Yo Luck
Date:   3/19/2024 11:26:59 AM (updated 3/19/2024 11:38:22 AM)

I think the whole idea of settling this case for $418 million over 4 years was crazy -NAR continues to deny any wrong doing-that cooperative compensation and NAR's policies benefit both buyers and sellers-personally I never saw where Plaintiffs presented actual proof of damages incurred-but i didnt review the full court documentation or final ruling--just the summary-(may have been in the fine print )-it is enlightening that none of the jurors  on the Sitzer-Burnett case were homeowners--sellers are and have always been able to accept/decline/ negotiate a listing commission--NAR has agreed in this settlement to prohibit putting on MLS the commission a buyers agent could expect to receive ( normally 1/2 of the agreed upon listing commission). MLS agents working with buyers will be required to enter into written representation agreements with their buyers - which has always been common sense--changes become effective July 2024; my comments are not to be construed as legal opinions just a perspective ; whats done is done, so we'll see how this plays out -

I'm sure you could view the full case ruling on the NAR website

Other messages in this thread:View Entire Thread
The bloodbath lie by the gov't media - MartiniMan - 3/18/2024 8:34:58 AM
     The bloodbath lie by the gov't media - lucky67 - 3/19/2024 9:45:09 AM
          Yo Luck - Shortbus - 3/19/2024 10:00:15 AM
               Yo Luck - lucky67 - 3/19/2024 11:26:59 AM
               Yo Luck - lucky67 - 3/19/2024 4:24:09 PM
                    Appreciate it - MartiniMan - 3/20/2024 9:00:11 AM
                         Appreciate it - Lifer - 3/20/2024 10:51:48 AM
                              Appreciate it - MartiniMan - 3/20/2024 1:26:17 PM
                                   Appreciate it - Lifer - 3/20/2024 3:00:18 PM
                                        Appreciate it - MartiniMan - 3/20/2024 5:14:39 PM
                                             Appreciate it - MrHodja - 3/20/2024 6:44:05 PM
                    Yo Luck - lucky67 - 3/21/2024 4:44:34 PM
                         Yo Luck - jeffreestar - 5/13/2024 10:31:22 PM
                         Yo Luck - jeffreestar - 5/13/2024 10:31:23 PM
     The bloodbath lie by the gov't media - adamusa - 7/23/2024 3:10:35 AM



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