Do contracts EVEN matter anymore? The MLS PIN, a New England MLS, has settled a commission lawsuit, a lawsuit which was brought against them for supposedly following the rules of NAR. That’s right! Sellers in this lawsuit apparently don’t feel they should be forced to pay buyer agents. Well, NAR requires us to put listings in the MLS which means cooperating commission…who pays it is written into the listing agreement that the sellers signed WITHOUT A GUN to their head! What is the future of buyer agency and who do these kinds of lawsuits actually hurt? We are pissed off and dropping F bombs on this episode of UAITL.
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Links to articles on the MLS PIN lawsuit:
Recommended by the hosts:
Break Up with Your Rental by Courtney Poulos
Get More From The #UnderAllisTheLand Hosts:
Courtney Poulos, Broker/Owner: ACME | @courtneyinlala
Silke Fernald, Broker Associate: ACME | @desperatelyseekingsilke
Dominique Madden, Broker Associate: ACME | @theethicalagent
About Under All Is The Land
Under All Is The Land features the brokers of ACME Real Estate, based in Los Angeles, CA, talking straight, no holds barred, about the business of the real estate. Courtney Poulos, Silke Fernald, and Dominique Madden will provide news, tips, tricks, comedic relief and more. Whether you’re in real estate, looking to become a sales agent or broker, or simply love to peek behind the curtain, this is your moment to get a peek behind the curtain of the industry from a female POV.
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