Following Friday’s announcement of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Barnett lawsuit and its pledge to change its commission structure in the home sale process, a lot of people had the overwhelming urge to voice their opinion of the matter. Some of these folks took to X (formerly Twitter) to share their views, which ran the gamut from insightful to the inane.
There were some people who viewed the near future of the real estate profession in terms of Darwinian survival of the fittest. Brandon Avedikian, founder of Aspire Commercial, predicted this will result in the real estate industry’s version of separating the wheat from the chaff:
Dr. E.J. Antoni, an economist with the Heritage Foundation, echoed that view with his tweet:
Mortgage broker John Downs had a similar consideration, but phrased it in a less derogatory manner:
A few people in the media viewed the settlement as a victory for financial burdened Americans. This included New York Times reporter Debra Kamin:
Rob Schmitt, who hosts a weekday evening talk show on Newsmax, was a bit more opinionated in his tweet:
And attorney Eric Pacifici of SMB Law Group hopped on that train of thought when he said:
However, another attorney had a different opinion. Bryan Jeansonne, an attorney and the owner of Lakeland Title in Baton Rouge, Louisiana, declared:
Nashville-based broker Austin Whitt polled his X followers by asking them to predict which one of three possible scenarios could occur:
Perhaps the most enigmatic observation came from the X account called “TheWealthCoach” with this statement:
And the X account “Eager1” offered their lengthy but in-depth prediction of a worst-case scenario for homebuyers in a response to investor Ross Gerber (click “Show More” for his full answer):
