NAR Lawsuit Explained | Are Real Estate Agents Scamming? - Shawn McNeil

Shawn McNeil, Michigan real estate agent, joins The Closing Table podcast with host Kevin C. McIntosh as they speak about the recent class-action lawsuit against the National Association of Realtors (NAR) and its impact on the industry. Shawn explains the two main categories of the lawsuit: sellers paying buyer's agent commissions and predatory practices leading to inflated commissions. He also discusses the potential financial damages and the ongoing legal battles. Kevin raises questions about NAR's role and responsibility in these practices, and Shawn shares his perspective as a brokerage owner and active agent. They delve into the benefits and disadvantages of being a member of NAR and the potential implications for the real estate landscape.