This week begins the Sitzer/Burnette trial on cooperative commissions. Just in time for the trial, the Wall Street Journal, formerly a pro-business, pro-capitalism, and free-market newspaper, published a pathetic hit piece comparing REALTORs to cartels. Why stop there? Why not add Nazi and fascists? If you are going to use inflammatory language why not use the trifecta?
This ridiculous article demonstrates that the Plaintiffs and mainstream media have no idea what you all do for a living or how the system works for the protection of the parties. They certainly don't know or perhaps don't care how this will affect homebuying negatively in the future.
Today, I break down the WSJ article as well as the RE/Max and Anywhere settlements.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.