Will The NAR Settlement End 6% Real Estate Commissions?
The settlement between the National Association of Realtors (NAR) and class action plaintiffs has led to predictions of a fundamentally changed real estate industry and the elimination of abnormally high commission rates in the U.S. compared to other countries. Will that happen? This half-day forum will explore the underlying market dynamics that led to the class action antitrust suits, how the real estate industry likely will respond to the NAR settlement, and what regulators need to do to ensure the promise of the NAR settlement is realized.
Program Agenda (Central Time Zone)Â
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12:30 pm Welcome and Introduction
Interim Dean William McGeveran, University of Minnesota Law School
12:35 pm The Steering Problem in Real Estate
Jordan Barry, USC Gould School of Law
1 pm beyond 5%: the future for home buyers and sellers
Anna Bahney, Housing Journalist (CNN, The New York Times and USA Today)
1:20 pm The competitive landscape post-settlementÂ
Jack Ryan, REX Real EstateÂ
1:40 pm the industry agenda post-settlementÂ
Rob Hahn, Decentre Labs
2 pm The Consumer Protection Agenda Post-Settlement
Prentiss Cox, University of Minnesota Law School
2:20 pm Break
2:30 pm Discussion and q&A with all panelists, joined by:
Laura Kusisto, Wall Street JournalÂ
John William Hatfield, University of Texas School of Business
Will Fried, True Footage (formerly at REX Real Estate)
4 PM Adjourn
This event will be available for in-person attendance and via Zoom webinar.Â
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