Ohio REALTORS Insider: Burnett Trial Updates Week 1
Todd Book, Vice President of Legal and Legislative Affairs at Ohio REALTORS, discusses what happened during the first week of the Burnett vs. NAR Trial.
The Burnett case involves a class action lawsuit aimed at NAR and two large brokerages, Home Services of America and Keller Williams Realty.
The Plaintiffs claim commission rates are too high, buyer brokers are being paid too much and NAR’s code of conduct and MLS rules lead to price fixing and are anti-competitive.
"In addition to pocketing a lot of money, the plaintiffs and their attorneys aim to change the way real estate professionals are paid---that means we should all be paying attention," said Todd.
The trial is expected to last 3 weeks with a jury decision likely by Nov. 10.
For a full recap of last week's trial, click here and stay tuned to the Ohio REALTORS Buzz for updates at the end of the week. Next Monday on Ohio REALTORS Insider we will highlight NAR’s case and discuss what the plaintiffs are likely to say in their rebuttal portion of the trial.
Read more about NAR’s position, what’s at stake, potential trial outcomes, and what you can do to help tell the REALTOR story by clicking here.
Click play on the video below to watch the latest installment of our "Ohio REALTORS Insider" video series -- which will regularly showcase the vast array of programs and services provided by Ohio REALTORS.
