real estate industry

A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story. Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely.  We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop. In This Episode We Cover: NAR’s massive settlement creating ripple effects across the real estate market  The new real estate agent commission rules that could shock an entire industry  Changes to the multiple listing service (MLS) that may open the market up to new competition  The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home  Sexual harassment scandals, turbulent leadership, and recent NAR struggles  What the future of using a real estate agent could look like  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Check out the entire episode on the "On the Market" YouTube Channel Dave's BiggerPockets Profile Dave's Instagram The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Is It the End of the Realtor? Inside the NAR Crisis New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Connect with Debra: NYT Debra's Website Debra's Twitter Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-920 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Two prominent Republican representatives announced they won’t seek reelection at the end of their terms in Congress. We’ll get into the future of the GOP, as former President Donald Trump continues to drive a wedge in the party’s identity. Also, how the verdict in a case involving the National Association of Realtors could upend the way we buy and sell homes. Plus, a breakthrough gene therapy treatment is allowing some deaf children to hear for the first time. And, coming clean about hotel showers.

Here’s everything we talked about:

• • “House GOP’s Israel-IRS bill could add more than $26 billion to deficit: CBO” from The Hill

• • “US jury finds realtors liable for inflating commissions, awards $1.78 bln damages” from Reuters

• • “Thanks to a Missouri jury, how we buy and sell homes may change” from Marketplace

• • “After Losing High-Profile Verdict, Realtors Group Hit With Larger Lawsuit on Agent Commissions” from CoStar

• • “Republicans Kay Granger, Ken Buck announce they won’t seek reelection” from CNBC

• • “Buck says GOP is ‘lying to America’ and he won’t run again” from Roll Call

• • “Deaf since birth, some children in China can hear after gene treatment” from MIT Technology Review

• • “We’ve Used Showers for Centuries. Why Can’t Hotels Make Them Easier?” from The Wall Street Journal

Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.

Want to go full-time into real estate investing? In only a few short years, you’ll be able to make millions of dollars, own a mansion on the beach, and ride your gold-plated jet ski into the sunset without ever having to work again…Of course, none of that is true. But, it’s precisely what the online “gurus” have been peddling for years, seductively luring in burnt-out workers by promising unimaginable income without much upfront work. If you REALLY want to build wealth and amass a portfolio of passive-income-producing properties, this is the show for you. We’re back with another Seeing Greene, where David goes hard on the havoc real estate gurus have unleashed. He’s here to tell you the truth about getting rich with real estate and why quitting your job to follow your dreams isn’t always the best choice. But, if you follow David’s advice, you can grow a skillset and investment portfolio that’ll lead you to the promised land of plentiful passive income. In this show, we’ll touch on topics like how to supplement your income to buy more properties, turning your side hustle into a full-time gig, when to quit corporate to pursue your real estate dreams, and how agents can instantly get better at their jobs. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: The truth about going full-time into real estate and why you might want to hold on to your job How to build up enough capital to start investing even on a median salary  Turning your side hustle into a fully-fledged business and how to know you’re ready to make the leap Real estate roles to look for when transitioning out of your job and into real estate full-time What the gurus aren’t telling you about having a career in real estate  Three things that ANY real estate agent or realtor can do to level up their success  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Use the BiggerPockets Calculators to Analyze Properties BiggerPockets Real Estate Podcast 741 BiggerPockets Real Estate Podcast 753 (Tax Ep) Books Mentioned in the Show: SOLD by David Greene SKILL by David Greene SCALE by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-768 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Burr | The Tim Dillon Show #321

- Tim Dillon is joined in-studio by the legendary comedian Bill Burr to discuss sports, politics, religion, life, comedy, etc.

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Redfin CEO Glenn Kelman joins to discuss the current U.S. housing situation (05:05), homebuilding rates, San Francisco (23:43), remote work (28:22), generational work-life balance differences (35:24), Redfin's approach to real estate (46:52), regulation, DOJ & MLS (58:33), & more.