Cold Calling Live!! | Wholesaling Real Estate

TL;DR

Missouri jury finds Nar guilty of collusion in commission rates, faces billion-dollar damages, and potential market shift.

Transcript

what is up guys Zack in here and we are live and as you know we are doing something super exciting today we are going to be cold calling motivated sellers live we'll be on the phone all I do here is I have a phone right here I have an internet connection and I'm not spending any money left my wallet outside and what I'm going to do today is do real... Read More

Key Insights

• 😀 Nar and brokerages found guilty of collusion, facing significant financial ramifications.
• 🥺 Verdict may lead to changes in MLS compensation rules, impacting buyer agent commissions.
• 🍵 This landmark trial could revolutionize the real estate market, changing how agents handle commissions.
• 🧚 The ruling highlights the need for fair and transparent practices within the real estate industry.

Questions & Answers

Q: What does the Missouri jury verdict find Nar guilty of?

The jury verdict finds Nar guilty of conspiring with brokerages to inflate commission rates through corporate rule collusion.

Q: What are the consequences of the verdict for Nar and the brokerages involved?

They face significant damages totaling $1.78 billion, with potential for double the amount, impacting their financial stability.

Q: How might the verdict affect MLS compensation rules and commission rates?

The verdict could lead to changes in MLS rules, preventing predetermination of buyer agent commissions by listing agents, impacting market dynamics.

Q: What potential impact could the verdict have on real estate agents, buyers, and sellers?

It may require real estate agents to work harder for commissions, offer more transparency on rates, and lead to more competitive pricing for homebuyers and sellers.

Summary & Key Takeaways

• Missouri jury finds Nar guilty of conspiring with brokerages to inflate commission rates.

• Verdict results in Nar and brokers facing $1.78 billion damages, with potential for double.

• Decision may impact buyer agent commissions and force change in MLS compensation rules.