The recent NAR lawsuit could mean the end of real estate agents at worst and serious change in the industry at best. This high-profile lawsuit argued against the current realtor and real estate commission splits, claiming that commissions are unfairly paid solely by the seller. With a ground-breaking $1.8B verdict, this could change how real estate agents and realtors make money and begs buyers to ask, "Are agents even worth using?"
Are we going to answer that question? DEFINITELY NOT. But Dave is here to explain what the NAR lawsuit verdict means for real estate agents and realtors and the outcomes to follow. If you’re a buyer, seller, investor, agent, realtor, or broker, this news DIRECTLY affects you!
00:00 The End of Agents? 00:56 Sponsor: Kiavi! 01:57 The NAR Lawsuit Explained 03:32 $1.8 BILLION Verdict 04:35 What Happens Next? 07:18 Agent Commissions Get CUT 08:12 Bye-Bye Buyer's Agents 8:51 NAR CEO Steps Down
What's the difference between a novation agreement vs. assignment of contracts for wholesaling? Clint Coons, Esq. will explain the difference between the two which will ultimately help you make a decision.
Those more familiar with the real estate market are aware of the practice of wholesaling, but where does that term fall into this discussion?
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"You're going to have a clause in there that states…" 6:05
A lot of terms are being thrown around here, but thanks to Clint Coons, Esq., you don't have to worry about getting a grasp of things quickly. In this brief video, you can expect to learn the basics need to know in order to find your success.
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Show Notes:
0:00 Intro 1:55 Example 3:42 Problems with assignments 5:48 Difference between novation and assignment 7:40 Why to consider a novation clause --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://www.youtube.com/c/RealEstateAssetProtection?sub_confirmation=1
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
--------------------------------------------------------------------------------------------------------- The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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Florida Realtors VP Juana Watkins urged patience in a Thur. webinar, which is now available online. The decision might have an impact but the process will take years.
Nov. 15—Ahwatukee and other Valley real estate agents and experts said it's unclear how Arizona will be impacted by last week's $1.8 billion verdict against the National Association of Realtors and several of the country's largest brokerages. In the first of two major antitrust cases that have rattled the real estate industry, a jury in Missouri ruled in favor of more than 260,000 home seller
The US housing market is long overdue to catch a break as experts believe peaking mortgage rates have come just in time alongside Fed forecasts planning for interest rate cuts in 2024. Redfin Chief Economist Daryl Fairweather tells Yahoo Finance this could be a set up for a slow recovery for homebuyers. "It's going to be more of a slow trickle of people deciding that 'you know, I can't wait any longer and I want to move,'" Fairweather comments, "but a strong economy does mean that more people are moving for job opportunities — they feel more confident, they feel like even though rates are high, they can make it work for their budget." Fairweather also comments on the rise in "nepo-homebuyers" as more Americans receive assistance from family in order to purchase a home. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #mortgages #realestate About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
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AMERICAN DEBT CRISIS | Housing Market Will Not Escape Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as home sales, home prices, inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.
At NAR's annual conference, its legal team blamed the judge for the jury's conclusion. Meanwhile, the plaintiffs' attorney said NAR hadn't "learned anything" from its 'resounding defeat."
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After a cooler than expected inflation report that was announced on Tuesday 11/14/23, mortgage rates tumbled. The Consumer Price Index or CPI inflation report came in below estimates both on a month-to-month and year-over-year basis.
Speakers at MLS Forum stress the importance of customer service, transparency and equity. From 2023 NAR NXT, The REALTOR® Experience, Anaheim, Calif., Nov. 14-16
Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.”
Recent lawsuits could impact real estate photography, but it's not all bad news as this could be a windfall for real estate photographers. Below are links mentioned in the video:
The verdict in the NAR lawsuit has made it highly likely that in the future the real estate industry will no longer be able to charge 5% to 6% commission rates across the board, writes Stephen Brobeck.
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