The real word: what does the battle between the Department of Justice and the US mean for real estate agents


Byron Lazine and Nicole White are two Connecticut agents who share their thoughts on the news of the week with us every Friday.Real word. »Weekly video column about Inman

The US Department of Justice (DOJ) last week abandoned proposed settlement with the National Association of Realtors (NAR). In accordance with Wall Street Magazine“Never before have the federal antitrust authorities agreed to a proposed settlement just to back down after receiving public comment.”

What means this move means for housing construction? Byron and Nicole looked at the timeline of events from November 2020 to what’s currently happening, while breaking down some of the proposed rule changes and explaining why this ongoing battle matters.

“As you said upstairs, it’s time to start monitoring this,” Nicole said.

More This Week: Oregon Becomes first state in the USA ban homebuyer love letters. “We’ve talked about this before,” Byron said. “This is a potentially fair housing issue. You will receive a love letter, you will receive more information about the buyer. ” So should they be banned everywhere?

Marketer of the week

It turns out that the vast majority of real estate ads lack the good visuals that consumers usually pay attention to. Are you surprised? According to Inman, BoxBrownie research found that “94% of ads do not include a virtual tour” and “less than 30% of the ads studied use the best professional photography experience.”

Want to nominate Marketer of the Week? Leave your thoughts in the comment section below, or write us an email

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