Get Your Popcorn Ready! The Real Estate Drama Continues in Georgia
The Plot:
- The National Association of Realtors (NAR) and heavyweight realty companies are being accused of plotting to keep commissions sky-high. This isn’t exactly an Avengers-level threat, but the plot is thickening faster than grandma’s gravy.
- This legal brew-ha-ha takes place in a little place you might know—Georgia. Apparently, Georgia has more going on than just producing peaches and hosting Outkast.
- In a wild twist that no one saw coming, this lawsuit follows the Sitzer | Burnett verdict. It’s like watching the Real Estate version of Law & Order. I’m on the edge of my seat!
The Characters:
- NAR, not to be mistaken for ‘gnarly’, this robust association gets a starring role as the accused. The Association is not playing the hero, that’s for sure.
- The major real estate companies that operate in Georgia are also accused of planning these high commissions. They just may end up being the villains in this epic tale.
- Finally, the individuals fueling the fire are Georgia’s home buyers and sellers. Without them, we wouldn’t have our drama, right?
Behind the Scenes:
- The lawsuit is a class-action suit, meaning it’s actually powered up by a majority of people. A power move, I’m sure you’ll agree. So it’s not really individuals versus corporate behemoths but more like an Avengers Assemble moment. The crowd wants the drop to happen on the slanderous commission percentages, and they want it NOW.
- The villainous plot to keep commissions gasping for breath at a high was never meant to see daylight, let alone a courtroom. But, like Batman finding the secret plans of the Joker, the lawsuit exposes the conspiracy. How exciting!
- This case bravely follows on the heels of the court ruling in favor of the plaintiffs in the Sitzer | Burnett case. It’s like part two of an amazing two-part series, only in real life, and without any popcorn.
The Expected Conclusion
- If the Georgia residents playing the Avengers in this story come out victorious, they would have not only beaten the big guys but set a much-needed precedent. High as kite commissions may finally get grounded. Justice served, right?
- However, if the big guys win, you can possibly hear them echoing Scarface’s famous line, ‘Say hello to my little (huge) commission’.
In this real estate soap opera, you have the mighty and the many, with battle lines drawn over sky-rocketed commissions. The Georgia folks, in a move all Marvel fans will appreciate, have assembled to tackle the bullies! The punch-heavy class-action suit against mega real estate companies is nothing short of a fry-eating contest at the county fair—messy, but oh so enjoyable to watch! Who knew real estate could be as engulfing as an action-packed summer blockbuster? So, folks, tighten your seat belts. Will the Avengers, ahem, I mean Georgia’s home buyers and sellers hit their ultimate end game, or will the NAR and the big real estate bad boys continue to reign supreme? The drama unfolds!
Original article: https://www.inman.com/2023/11/28/georgia-homesellers-file-yet-another-antitrust-commission-suit/
