RISMedia's Real Estate Magazine

AUG 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/1146817

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Page 82 of 118

78 August 2019 RISMedia's REAL ESTATE The filing of the lawsuit basically says that NAR violated federal an- titrust laws by conspiring to require home sellers to pay buyer's commis- sions at inflated rates. That's not at all accurate. Let's start with the "conspiring" part of that statement. There is no conspiracy. All the agents around the country didn't get together and say, "Hey, let's all charge the same amount of money for our services." NAR didn't put in the rules and regu - lations that an agent has to charge a specific amount or percentage to sell a home. The market bears what the market bears. Right now, the av- erage commission is 6 percent be- cause that's what the market bears. Back when I first started selling real estate, it was 7 - 8 percent, because that was what the market would bear at that time. The Ridiculousness of the NAR Antitrust Lawsuit Commentary by Darryl Davis, CSP L isten, I'm no attorney, but what I can tell you is that this antitrust lawsuit recently brought against the National Association of REALTORSĀ® (NAR) makes zero sense when you break it down to common sense. {Commentary}

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