![\"Ya](\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\")
\u201cTreats for trouble is how you get more\u00a0trouble.\u201d<\/p><\/div>I saw Housing Wire’s story on the Department of Justice’s anti-trust suit against the National Association of Realtors, and I thought: “Yeehaw!”<\/p>\n
But then I read Glenn Kelman’s odd rejoicing, and I realized that the “lawsuit” is a done deal, and nothing that matters will have changed.<\/p>\n
Vide:<\/em> From now on we will tinker at the margins about how Buyer’s Agent’s commissions are disclosed \u2013 but we will not have changed the idiotic way Buyer’s Agents are compensated.<\/strong> Kelman thinks that will make things less<\/em> confusing.<\/p>\n What’s worse, the “settlement” does nothing about the NAR’s actual, ongoing anti-competitive practices. Cartels are bad, ab initio,<\/em> and requiring membership in a political advocacy group to gain access to a monopoly market is abhorrent to two fundamental American ideals \u2013 freedom of conscience and the freedom to trade.<\/p>\n What’s better? No matter who “wins” this election, Federal courts are all much friendlier to anti-trust cases. And a Biden NFPB will make a beeline for the 1099 safe-harbor exclusion: Wage slaves are union members are Democrats. I’m hoping for a kinder, gentler NAR for 2021.<\/p>\n So strong my hope, me here yesterday:<\/p>\n Greg Swann:<\/strong> Making the case for my manumission \u2013 and yours? \u2013 from the #NAR.<\/a><\/p>\n And elsewhere:<\/p>\n Housing Wire:<\/strong> DOJ sues NAR for alleged antitrust violations.<\/a><\/p>\n Glenn Kelman:<\/strong> The Truth Comes Out.<\/a><\/p>\n The Department of Justice:<\/strong> Settlement Will Increase Competition to the Benefit of American Homeowners and Homebuyers and Allow for Innovation in Brokerage Markets.<\/a> Ahem. Read the fine print:<\/a> I think the actual consequential change will be that MLS’s won’t be able to lock non-members out of their proprietary lock boxes. Everything else is disclosure and its enforcement, with no change in how Buyer’s Agents are compensated \u2013 no change in the inverted incentives warping them to better serve the Seller’s interests, rather than the Buyer’s. Dumping the whole monopoly is the right thing to do, but next on the list would be aligning the interests of Buyer’s Agents with their Buyers.<\/p>\n CNBC:<\/strong> October existing home sales see \u2018spectacular\u2019 26.6% annual gain even with short supply and surging prices.<\/a><\/p>\n Housing Wire:<\/strong> The housing market <\/a>Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" \u201cTreats for trouble is how you get more\u00a0trouble.\u201dI saw Housing Wire’s story on the Department of Justice’s anti-trust suit against the National Association of Realtors, and I thought: “Yeehaw!” But then I read Glenn Kelman’s odd rejoicing, and I realized that the “lawsuit” is a done deal, and nothing that matters will have changed. Vide: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5,30],"tags":[],"class_list":{"0":"post-17500","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","10":"category-supplanting-the-nar","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2208,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2208\/a-consumers-guide-to-the-divorced-real-estate-commission-undermining-the-arguments-in-support-of-the-status-quo\/","url_meta":{"origin":17500,"position":0},"title":"A consumer’s guide to the divorced real estate commission: Undermining the arguments in support of the status quo","author":"Greg Swann","date":"November 11, 2007","format":false,"excerpt":"Part V: Why arguments for the current method of compensating real estate agents and against divorcing the real estate commissions must fail As I write this, the National Association of Realtors is preparing for its annual convention, to be held this year in America's playground, Las Vegas, Nevada. This year\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2202,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2202\/a-consumers-guide-to-the-divorced-real-estate-commission-cataloging-benefits-starting-with-a-complete-catalog-of-available-homes\/","url_meta":{"origin":17500,"position":1},"title":"A consumer’s guide to the divorced real estate commission: Cataloging benefits — starting with a complete catalog of available homes","author":"Greg Swann","date":"November 10, 2007","format":false,"excerpt":"Part IV: Divorcing the real estate commissions will result in benefits not just for buyers but also for their agents and for the real estate market as a whole The National Association of Realtors is embroiled right now in a protracted anti-trust suit brought by the United States Department of\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8372,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8372\/caption-this-photo-todd-carpenter-at-the-nar-mid-year-flamboozlepalooza\/","url_meta":{"origin":17500,"position":2},"title":"Caption this: Todd Carpenter at the NAR Mid-Year flamboozlepalooza","author":"Greg Swann","date":"May 12, 2009","format":false,"excerpt":"My votes: \"MIBOR? That's above my pay grade.\" And: \"No, this is not a clip-on tie!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17526,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17526\/overnight-news-the-dojs-piddlyshit-nar-settlement-in-brief-discounting-realty-bots-can-screw-buyers-agents-but-they-cant-notice-and-respond-accordi\/","url_meta":{"origin":17500,"position":3},"title":"Overnight News: The DOJ\u2019s piddlyshit NAR \u201csettlement\u201d in brief: Discounting Realty.bots can screw Buyer\u2019s Agents, but they can\u2019t notice and respond\u00a0accordingly.","author":"Greg Swann","date":"November 23, 2020","format":false,"excerpt":"Every Buyer's Agent knows how to kill a house. You walk into a pantry or a bathroom and you say, \"Whoa! Do you smell that? A mustiness...? Maybe I'm wrong...\" That house is now at the bottom of the stack. I've never done that belligerently \u2013 to kill a house\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2179,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2179\/a-consumers-guide-to-the-divorced-real-estate-commission-why-buyers-and-sellers-each-paying-for-their-own-representation-is-the-most-significant-reform-that-can-be-made-today-in-residential-real-estat\/","url_meta":{"origin":17500,"position":4},"title":"A consumer’s guide to the divorced real estate commission: Why buyers and sellers each paying for their own representation is the most significant reform that can be made today in residential real estate","author":"Greg Swann","date":"November 7, 2007","format":false,"excerpt":"Part I: How we got into this mess in the first place Can we be straight with each other? I'm not a soft and subtle kind of guy, and my working assumption is that you are sick to death of being hustled -- handled -- lied to. We yammer all\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":613,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/613\/a-horrifying-thought-experiment-elaborating-on-a-brokerage-business-model-that-could-completely-disintermediate-buyers-agents\/","url_meta":{"origin":17500,"position":5},"title":"A horrifying thought experiment: Elaborating on a brokerage business model that could completely disintermediate buyer’s agents . . .","author":"Greg Swann","date":"November 7, 2006","format":false,"excerpt":"I wrote this this morning, and it's been bugging me all day:Here's a thought: The $99 divorce. It only works where the split is unclouded by children or property. But imagine a $999 FSBO package: The usual MLS-only marketing package with a buy-back guarantee for the buyer. Quoting me: \"From\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17500"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17500\/revisions"}],"predecessor-version":[{"id":17504,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17500\/revisions\/17504"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}