NAR Lawsuit fallout

Dated: March 15 2024

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A veteran agent's perspective on the NAR Lawsuit:

Hey there, folks! I've been navigating the real estate scene in Northeast Ohio for the past two decades, and I wanted to talk about a recent lawsuit against the National Association of Realtors (NAR). This might seem like some industry jargon, but it can potentially impact you, whether you're looking to buy your dream home or sell your current one.

So, what's the deal with the lawsuit?

In a nutshell, the lawsuit alleges that the NAR's policies restrict competition, which could drive up commission fees for you, the buyer or seller. Now, commissions are how real estate agents earn their living, but they shouldn't be artificially inflated. A fair market is what keeps things balanced for everyone.

What does this mean for you?

If the lawsuit is successful, it could lead to more competition among agents, which could potentially benefit you in a couple of ways. First, it might lead to lower commission fees. Second, with more agents vying for your business, you might get better service.

But hold on, there's more to the story

Even if the NAR loses the lawsuit, it probably won't be a drastic change overnight. The real estate market is complex, and commission fees are just one piece of the puzzle. However, it's worth keeping an eye on, as it could potentially shake things up a bit in the future.

The bottom line

Whether you're buying or selling a house in Northeast Ohio, it's always a good idea to shop around and compare rates from different agents. Don't be afraid to negotiate your commission fees – that's your right! And hey, if you're looking for an experienced agent who's been around the block (literally!), feel free to reach out.

Remember, I'm here to help you navigate the real estate journey, lawsuits or not!

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Todd Kortright

I am a third-generation, full-time licensed REALTOR®, I have worked the last 15 years and continue as the Team Lead for Kortright Group in Goodyear, AZ (Spring Training home of the Cleveland India....

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