ICYMI: Unpacking NAR Settlement And Buyer Agency: 60 Days Later - What We Know Now

[@NCbluesman]

I can't believe only about 450 people have seen this video. This is incredibly important information and the answers to questions provided here are really well done. Thank EXP leadership for getting this done.

[@weldonwillifordrealtor]

I know several major MLS's are still going to show compensation since NAR has directed the MLS's to actually enforce the ruling. Unless the DOJ gets involved this will be interesting to watch play out. Many are saying NAR will be bankrupt so there won't be any oversight once that happens anyway.

[@charleswr8359]

The whole problem has been the fact that the RE industry claimed too much share of the total residential property market. 5% or 6% is too much. UK gives less than 2%. Many countries give less than 1%. What value do they contribute to the property? Nothing. The buyer pays for what is worth of the property. Agents simply connect a buyer to the seller. They deserve maybe 1%. The home is the largest single asset for the vast majority of Americans, yet the RE agents owned 5%-6%. The homeowners didn't think about it until they actually sell. The total commission for each home sold should come down less than 1% of the home value, more like $2k or $3k. The RE attorney charges like $1k for each closing. That should be what the agents earn too.