DOJ, FTC & NAR: A Hundred Year War

My last post made it pretty apparent that contrary to my expectations, most of the real estate industry remains completely ignorant of what the U.S. government is attempting to do with its latest fight against real estate commissions. I thought maybe 50% of REALTORS were aware of the civil lawsuits and the DOJ/FTC action; most of the commenters think it’s more like 90% of the REALTOR population.

The last time I spoke about this, on a panel in Las Vegas, we had open mic Q&A with the audience… and quite a few of the comments were of the “it would be stupid to get rid of buyer commissions” variety. They may all be correct, but seeing as how none of us on stage were judges, FTC commissioners, congresscritters, or President Biden… none of those comments actually matter. But the comments themselves did reveal some lack of understanding about just how long this fight has been going on and what the motivations involved are.

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-rsh

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

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