04/10/2021
Did you catch the latest statement from the Department of Justice in regards to their settlement conversation with the NAR?
The DOJ made its position clear: "Real estate is central to the American economy and consumers pay billions of dollars in real estate commissions every year. We cannot be bound by a settlement that prevents our ability to protect competition in a market that profoundly affects Americans’ financial well-being."
Whether it’s government intervention or voluntary innovation, change really is coming. Consumers are asking for it. As tech companies like Zillow and OpenDoor take a stronghold of the market we believe the industry should lead the change rather than fight it. Agents and brokers who choose innovation over resistance will not only survive but will thrive and earn the trust of consumers.