NATIONAL ASSOCIATION OF REALTORS (“NAR”): VERDICT, SETTLEMENT, IMPACT

Duration – 2 hours
2 Hours Continuing Education Credit

COURSE DESCRIPTION:

  • This course briefly summarizes two leading cases against NAR, Burnett and Moehrl.
  • It starts by explaining the story of Rhonda Burnett, Plaintiff and what happened to her that prompted her suit. It then describes the key allegations including a simple explanation of the antitrust law.
  • Next, various NAR standards of practice that are singled out by the Plaintiffs are discussed. The actual verdict form is displayed showing the damages of $1,785,310,872.
  • The course then delves in detail into all the practice changes that the NAR settlement calls for.
  • Finally, we discuss the future of the real estate industry from a legal point of view. Topics include Department of Justice (“DOJ”) investigations, and several copycat lawsuits.
  • Throughout the program we tackle frequently asked questions.

Here’s what prior attendees had to say about this program!

Very productive program.
M. Ro.Company Name
Lots of great information, thanks for this class.
 V. F. Company Name
Thank you, Kamlesh.  Informative as always
M. Re. Company Name
Thanks!  When is the next course?
J. J.Company Name
Thank you so much (for an excellent class).
K. P.Company Name

We consider this course to be almost a prerequisite in that it lays the foundation by answering the “why?” of these significant changes in the industry.  We believe it leads to better acceptance of these changes by the attendees and changes their thinking from “why me” to “how do we survive and thrive despite these challenges?”

LEARNING OBJECTIVES:

Upon completing this course, the participants should be able to:

  • Understand the facts and the law involving the two leading cases against NAR, Burnett and Moehrl;
  • Recognize the past NAR practices that led to the suits;
  • Understand the practice changes that are being implemented by the NAR;
  • Learn the positions of the US Department of Justice and other industry groups that run counter to that of the NAR;
  • Understand the facts and the law involving the Miami case against the Florida Association of Realtors, Parker.
  • Learn the strategies and practical tips of navigating the new roles of real estate agent and broker under the new rules.
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