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Is NAR’s Grip Too Tight?
Splits and Caps Daily: Action for Agents
October 23, 2024
📈 Market Move:
Force Field
In the latest legal drama, the National Association of Realtors (NAR) is back in the hot seat, facing another lawsuit over its mandatory membership policies. A recent case out of Pennsylvania claims that real estate professionals are being forced into joining NAR to access MLS listings—without which, they can’t effectively do business. This time, the lawsuit also touches on discrimination, with accusations that minority agents are disproportionately impacted by these membership fees and face unfair treatment.
The core issue? The suit argues that NAR’s mandatory membership policy violates antitrust laws, creating a monopoly on MLS services. There are also claims of selective rule enforcement and limited minority representation in leadership positions. If the suit succeeds, we could see significant changes in how agents access MLS and the structure of real estate associations.
🌟Quote of the Day:
"Perseverance is not a long race; it's many short races one after the other." – Walter Elliot
⚡ Quick Win:
Boost Your Open House Traffic with a Facebook Event: Have an open house coming up? Create a quick Facebook event. It’s a low-cost way to invite more people, and it helps increase visibility in your local market.
🎉 Fun Fact of the Day:
Mail-Order Mansions: In the early 1900s, Sears sold mail-order homes. Yes, you could literally order an entire house from a catalog and have it shipped to you—everything from doors to nails included.
📚 Book Recommendation:
“The Almanack of Naval Ravikant” by Eric Jorgenson – A curated collection of wisdom from one of the most interesting minds in business and investing. Naval’s thoughts on leverage, happiness, and building wealth are like cheat codes for life.
Want to level up even more? Hit the Agent Bookshelf for top reads, Agent Articles for real estate gold, and Agent Resources for the tools to boost your biz—go get it!
Let’s wrap it up for today! Stay bold, stay driven, and remember—the next move you make could be your game-changer. Let’s go win!
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