Summary of Main Points
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Keller Williams’ Executive Speaks Out
Meet Julia Lashay Israel, Keller Williams’ Head of Inclusion and Belonging. She’s pulled on her boxing gloves these days, not for any heavyweight title, but to throw some serious punches in the Sitzer | Burnett Commission case.
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Case not just about Commission
In her eyes (and she’s got a good pair – one for real estate, the other for social justice), the ongoing Sitzer | Burnett case isn’t just about how much cash agents get to scrape off the dinner plate.
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Access to Homeownership On The Line
No, no. She’s worried about the far-reaching implications of this case, particularly its potential impact on homeownership accessibility. Sure, we all like the idea of owning a snazzy pad – but it’s about as easy for some as finding a unicorn in your backyard.
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Minority Communities Stand to Lose
This accessibility issue rings even more alarms when you zoom in on minority communities who have historically been on the raw end of the homeownership deal. Lashay Israel rightfully frets that the Sitzer | Burnett commission debate could shake up the real estate terrain in ways that make it tougher for them to nab that white picket fence.
Hot Take
Brace yourselves, folks, for this little storm in the real-estate-teacup might just morph in a full-blown tempest. Julia Lashay, the lady who wears two caps (and wears them well), one of a real estate stalwart and the other of a diversity champion, has tossed a serious warning. The Sitzer | Burnett case, in her opinion, isn’t just about commissions – it’s a chessboard for a challenge much bigger – the future of accessible homeownership.
Oh, and folks, make no mistake. This isn’t about people having a swanky address to impress their friends on Facebook. This accessibility issue hits the core of a pressing societal concern, particularly for minority communities. If the Sitzer | Burnett case does end up shifting sands, it may just mean that the dream of owning a home becomes even more cloudy for these folks.
So, pop up some corn, and watch this space. The real estate world can often be as topsy-turvy as a rollercoaster ride, with bumps enough to shake your home-foundation (pun utterly and shamelessly intended!). But when you add potential social marginalizations into the equation, it escalates from a ride to a raging rollercoaster. The question now is – will everyone get a fair ticket? Or will some be left waiting at the entrance? Only time will tell. Meanwhile, we toast to the likes of Lashay Israel, for keeping the focus where it matters.
Original article: https://www.inman.com/2023/11/28/how-the-sitzer-burnett-decision-hurts-minority-homebuyers/
