Tammy Lankford,, Broker  GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)

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Rainmaker
1,047,645
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The entire premise = that consumers were forced to spend more money than they had to sell their house - is just ridiculous to me. 
They had EVERY opportunity to say no and sell their own house, hire an attorney to advise and many other options.
Whiny lil bitches and attorneys making bank off them. LOL

Dec 04, 2023 08:19 AM
Rainmaker
461,482
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Tammy Lankford, 

If Sellers simply read the listing agreement and ask questions, we would not have this issue. Like Candice A. Donofrio said, they could have sold it themselves.

Dec 04, 2023 09:11 AM
Rainmaker
1,538,807
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I was wondering when these "piggy back" lawsuits would start.  I think they'll all lose on appeal however.

Dec 04, 2023 08:21 AM
Ambassador
3,340,334
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Wow - we will likely see more of these lawsuits unfold in the future. 

Dec 04, 2023 08:01 AM
Ambassador
5,205,265
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

This is going to sound ridiculous but, hear me out...I'm so glad someone from a state who has ALREADY done their due diligence by drafting forms that address these issues for their agents & brokers to use is one that is being sued.

The copycat litigious complainants are in for a rude awakening in GA and hopefully, this will stop others who are considering filing suit in other states. NAR did such a terrible job defending Missouri's suit but, I also think that they were missing the critical piece that GA has in their listing Contracts - an explanation of how BAs are paid (by the LA's brokerage). We have the same here AND also an explanation in the BA forms pertaining to that as well.

Lastly, I truly believe that, as a whole, we could have avoided this by being better educators. As brokers/agents, we have a full understanding of how the BAs are paid and it is our job to convey that to our sellers (and buyers). We need to teach to the extent that our sellers can teach someone else about the Contract(s) that they just signed. As a seller, when you understand that YOU HAVE the option of paying a buyers' brokerage through your LA, and thereby increasing your buyer pool, you are going to want to pay your LA to cover the BA also!

Dec 04, 2023 08:09 PM
Rainmaker
1,297,866
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There have been numerous lawsuits following the big decision in the Missouri case. 

Dec 04, 2023 12:11 PM
Rainmaker
2,776,711
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When courts get involved, no one knows how things will turn out

Dec 04, 2023 10:27 AM
Rainmaker
1,499,248
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks for sharing, I had not heard of this one.  In California we have contracts that have stopped one of these lawsuits already.  We have the SOC as part of the listing agreement as well as a section for opting out of the MLS.

Dec 04, 2023 08:48 AM
Rainmaker
1,532,843
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Thank you for alerting us. Because I'm neither a judge or an attorney on the case, I have no control over it, I just have to deal with the results.
I'm focused on dealing with my business and the CA news and National News that affects CA directly.
If I can't control it, vote on it or prepare for it, I'll deal with it when it becomes "a thing" or a law. In the meantime I'm closing deals and living my life on a news diet.

Dec 04, 2023 12:43 PM
Rainmaker
1,187,414
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Thanks for sharing, I am sure there will be lots of ME TOO lawsuits

 

Dec 04, 2023 11:20 AM
Rainmaker
898,238
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

We will certainly watch to see how this lawsuit plays out. In CT, the state is making ALL agents review a brief  "anti-trust" video; it's mandatory. 

Dec 04, 2023 10:57 AM
Rainmaker
2,376,773
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I could not get the video to work for me Tammy Lankford, but the read was worth it. Thanks.

Dec 04, 2023 10:40 AM
Rainmaker
1,840,866
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

That article does not describe what I do as an agent. I think that's where the public is getting things confused. As Candice said, forced to spend more money? If buyers HAD ANY money, they could pay their agent but that's not how things go in the real world.

Dec 04, 2023 09:00 AM
Rainmaker
898,552
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Yes, several states are seeing "copy cat" lawsuits. Although, one is representing buyers. We have buyer agency documents and break everything down. From what I understand, so does Missouri. We really need the original lawsuit lost in MO to be appealed and turned over. 

In the meantime, it will be interesting to see if some of these companies settle for millions again and again. 

Dec 04, 2023 08:38 AM
Rainmaker
5,096,866
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've not followed the Georgia lawsuit... but will pay attention now. This is the new generation of ambulance chasers, if you ask me.

Dec 05, 2023 05:18 AM
Ambassador
3,101,394
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

It's going to be a pile on with an expected pay day for so many...sigh...!

Dec 04, 2023 04:16 PM
Rainmaker
7,798,374
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing this link.

Dec 04, 2023 09:25 AM
Rainmaker
761,233
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Homeowners have many options when choosing how to sell their house.  They can pay as little as they wish to sell.  They can be a for sell by owner as well.  The public doesn't understand that having the Multiple Listing Service alows them to list their house and have it seen by all agents and companies and buyers are allowed to see homes that otherwise wouldn't be available for them to see.  Lawyers love to form class action lawsuits.

Dec 04, 2023 06:59 PM
Ambassador
2,680,119
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 

 

We are witnessing seismic changes in the Real Estate Industry.  I predict the following:

 

1.  The end of one office getting "both sides" of the commission, aka "double ending".

2.   Buyer Brokerage will become a prominent, expected form of representation.  

3.  The end of NAR.

 

    Hang on to your seats, it may be an exciting ride!

Dec 05, 2023 06:01 AM
Rainmaker
5,197,632
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Candice A. Donofrio tells it like it is. I am moving on!

Dec 05, 2023 03:49 AM
Ambassador
6,362,024
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Predators smell blood and they will be visiting all the states for a huge payday.

Dec 05, 2023 05:55 AM
Rainmaker
815,556
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

Attorneys will be reaping additional profits on these baseless lawsuits.  Our service is provided and how we make a living.  Buyers and sellers choose us and read the terms in the printed contracts.😎  

Dec 05, 2023 06:48 AM